Bridgewater Associates LP lowered its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 75.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 831 shares of the industrial products company's stock after selling 2,557 shares during the quarter. Bridgewater Associates LP's holdings in UFP Technologies were worth $203,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in shares of UFP Technologies in the fourth quarter worth $25,000. Venturi Wealth Management LLC acquired a new position in shares of UFP Technologies in the 4th quarter valued at $74,000. EverSource Wealth Advisors LLC raised its stake in UFP Technologies by 24.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after acquiring an additional 66 shares during the last quarter. KBC Group NV lifted its position in UFP Technologies by 37.9% during the 4th quarter. KBC Group NV now owns 375 shares of the industrial products company's stock worth $92,000 after acquiring an additional 103 shares during the period. Finally, Principal Securities Inc. lifted its position in UFP Technologies by 110.4% during the 4th quarter. Principal Securities Inc. now owns 444 shares of the industrial products company's stock worth $109,000 after acquiring an additional 233 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.
UFP Technologies Price Performance
UFPT stock traded down $0.09 during mid-day trading on Friday, reaching $206.80. The company's stock had a trading volume of 124,881 shares, compared to its average volume of 79,808. The stock has a market cap of $1.59 billion, a PE ratio of 29.50 and a beta of 1.08. The company's 50 day moving average is $213.99 and its two-hundred day moving average is $256.98. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $366.41. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The firm had revenue of $144.07 million during the quarter, compared to analyst estimates of $141.67 million.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on UFPT. StockNews.com cut shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Raymond James began coverage on shares of UFP Technologies in a research note on Friday, March 28th. They set a "market perform" rating for the company.
Read Our Latest Stock Analysis on UFP Technologies
Insider Transactions at UFP Technologies
In other news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies 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 completion of the sale, the director now directly owns 1,785 shares of the company's stock, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.17% of the company's stock.
UFP Technologies Company Profile
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Free Report)
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.
Further Reading
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