UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 60.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,812 shares of the industrial products company's stock after purchasing an additional 7,865 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.27% of UFP Technologies worth $5,089,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of UFP Technologies by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company's stock worth $9,562,000 after buying an additional 1,444 shares in the last quarter. Assenagon Asset Management S.A. raised its position in UFP Technologies by 340.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company's stock worth $9,610,000 after acquiring an additional 30,372 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of UFP Technologies in the fourth quarter valued at about $16,808,000. Mesirow Financial Investment Management Inc. grew its position in shares of UFP Technologies by 102.3% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 3,170 shares of the industrial products company's stock valued at $775,000 after purchasing an additional 1,603 shares during the last quarter. Finally, Amundi increased its stake in shares of UFP Technologies by 197.1% during the 4th quarter. Amundi now owns 3,812 shares of the industrial products company's stock worth $957,000 after purchasing an additional 2,529 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

UFP Technologies Stock Performance

NASDAQ:UFPT opened at $205.81 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The firm has a market cap of $1.58 billion, a PE ratio of 29.36 and a beta of 1.08. The firm has a 50 day simple moving average of $217.00 and a 200-day simple moving average of $258.43. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The company had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million.

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the sale, the director now owns 1,785 shares in the company, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.17% of the company's stock.

Wall Street Analysts Forecast Growth

UFPT has been the topic of a number of analyst reports. StockNews.com cut UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Raymond James assumed coverage on UFP Technologies in a research note on Friday, March 28th. They set a "market perform" rating on the stock.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.

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