Sei Investments Co. decreased its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,508 shares of the industrial products company's stock after selling 1,452 shares during the quarter. Sei Investments Co. owned 0.08% of UFP Technologies worth $1,590,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in UFP Technologies by 54.6% during the 3rd quarter. FMR LLC now owns 1,178 shares of the industrial products company's stock valued at $373,000 after purchasing an additional 416 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of UFP Technologies during the third quarter valued at about $133,000. Stifel Financial Corp increased its position in shares of UFP Technologies by 19.6% during the third quarter. Stifel Financial Corp now owns 2,878 shares of the industrial products company's stock worth $911,000 after acquiring an additional 471 shares during the last quarter. State Street Corp lifted its stake in shares of UFP Technologies by 1.4% in the third quarter. State Street Corp now owns 283,460 shares of the industrial products company's stock worth $89,772,000 after acquiring an additional 4,007 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in UFP Technologies by 32.2% in the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company's stock valued at $3,668,000 after purchasing an additional 2,822 shares during the last quarter. 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 analyst reports. StockNews.com downgraded UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Raymond James started coverage on shares of UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating for the company.
Check Out Our Latest Stock Analysis on UFP Technologies
UFP Technologies Stock Up 1.9 %
NASDAQ:UFPT traded up $3.84 during mid-day trading on Friday, reaching $209.42. The stock had a trading volume of 79,261 shares, compared to its average volume of 78,443. The stock's 50 day simple moving average is $224.95 and its two-hundred day simple moving average is $263.31. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $366.41. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 29.87 and a beta of 1.08. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43.
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 analysts' consensus estimates of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The business had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million.
Insiders Place Their Bets
In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction that occurred 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 transaction, the director now directly owns 1,785 shares in the company, valued at $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.17% of the stock is owned by corporate insiders.
About UFP Technologies
(
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.
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