Uniplan Investment Counsel Inc. Trims Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Uniplan Investment Counsel Inc. decreased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,117 shares of the industrial products company's stock after selling 3,324 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 0.30% of UFP Technologies worth $5,652,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP raised 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 last quarter. Vanguard Group Inc. raised its stake in shares of UFP Technologies by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company's stock worth $136,309,000 after purchasing an additional 17,356 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of UFP Technologies by 14.2% during the fourth quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock worth $68,787,000 after purchasing an additional 35,022 shares during the period. Geode Capital Management LLC grew its position in UFP Technologies by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company's stock valued at $54,799,000 after buying an additional 3,333 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in UFP Technologies by 48.1% in the 4th quarter. Franklin Resources Inc. now owns 136,345 shares of the industrial products company's stock valued at $33,338,000 after buying an additional 44,292 shares during the period. Institutional investors and hedge funds own 87.28% of the company's stock.

UFP Technologies Price Performance

Shares of UFPT traded down $0.09 during trading hours on Friday, reaching $206.80. The company had a trading volume of 124,881 shares, compared to its average volume of 79,808. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 29.50 and a beta of 1.08. UFP Technologies, Inc. has a 12-month low of $178.26 and a 12-month high of $366.41. The firm has a 50 day simple moving average of $213.99 and a 200-day simple moving average of $256.98. 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 results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.01 by $0.45. The business had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on UFPT shares. StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd. Raymond James began coverage on UFP Technologies in a research note on Friday, March 28th. They set a "market perform" rating for the company.

Insider Activity

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the transaction, the director now owns 1,785 shares of the company's stock, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.17% of the company's stock.

UFP Technologies Company 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.