Marshall Wace LLP Purchases 12,134 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Marshall Wace LLP grew its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 123.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,985 shares of the industrial products company's stock after acquiring an additional 12,134 shares during the period. Marshall Wace LLP owned about 0.29% of UFP Technologies worth $5,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP lifted its stake in UFP Technologies by 37.1% during the 4th quarter. Wasatch Advisors LP now owns 576,691 shares of the industrial products company's stock valued at $141,007,000 after acquiring an additional 156,142 shares during the period. Boston Trust Walden Corp purchased a new position in UFP Technologies during the fourth quarter valued at $26,395,000. Raymond James Financial Inc. purchased a new stake in UFP Technologies in the 4th quarter worth approximately $16,808,000. Franklin Resources Inc. increased its stake in shares of UFP Technologies by 48.1% in the fourth quarter. Franklin Resources Inc. now owns 136,345 shares of the industrial products company's stock worth $33,338,000 after purchasing an additional 44,292 shares in the last quarter. Finally, Congress Asset Management Co. raised its position in shares of UFP Technologies by 14.2% during the 4th quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock valued at $68,787,000 after purchasing an additional 35,022 shares during the period. Hedge funds and other institutional investors own 87.28% of the company's stock.

Wall Street Analyst Weigh In

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

UFP Technologies Trading Up 1.8 %

UFPT stock traded up $3.75 during midday trading on Monday, reaching $210.55. 101,637 shares of the company traded hands, compared to its average volume of 80,078. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 29.93 and a beta of 1.08. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The business has a 50 day moving average of $213.99 and a 200-day moving average of $256.42. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41.

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

Insider Transactions at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the stock in a transaction on 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 sale, the director now owns 1,785 shares in the company, valued at $407,711.85. This trade represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.17% of the company's stock.

UFP Technologies Profile

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.