Anchor Capital Advisors LLC Purchases 1,309 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Anchor Capital Advisors LLC boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 16.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,163 shares of the industrial products company’s stock after purchasing an additional 1,309 shares during the period. Anchor Capital Advisors LLC’s holdings in UFP Technologies were worth $1,576,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of UFP Technologies by 46.0% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 70,360 shares of the industrial products company’s stock worth $12,105,000 after acquiring an additional 22,163 shares during the period. Peterson Wealth Services bought a new stake in shares of UFP Technologies in the fourth quarter valued at about $204,000. Charles Schwab Investment Management Inc. boosted its position in shares of UFP Technologies by 193.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,070 shares of the industrial products company’s stock worth $9,214,000 after buying an additional 37,590 shares during the period. EFG Asset Management North America Corp. bought a new position in shares of UFP Technologies during the third quarter worth about $1,196,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in UFP Technologies by 112.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,340 shares of the industrial products company’s stock valued at $378,000 after buying an additional 1,240 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Stock Performance

NASDAQ UFPT traded down $0.17 on Tuesday, hitting $222.42. 2,803 shares of the stock were exchanged, compared to its average volume of 62,569. The company has a market capitalization of $1.70 billion, a PE ratio of 38.05 and a beta of 0.83. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.48 and a quick ratio of 1.28. The business’s fifty day moving average is $221.48 and its 200 day moving average is $185.24. UFP Technologies, Inc. has a 52 week low of $127.29 and a 52 week high of $257.29.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.41. The company had revenue of $101.50 million for the quarter, compared to analysts’ expectations of $94.80 million. UFP Technologies had a net margin of 11.23% and a return on equity of 25.48%. Research analysts anticipate that UFP Technologies, Inc. will post 6.19 EPS for the current fiscal year.

Insider Buying and Selling

In other UFP Technologies news, CEO R Jeffrey Bailly sold 27,090 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $209.48, for a total value of $5,674,813.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Christopher P. Litterio sold 2,000 shares of UFP Technologies stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total transaction of $417,300.00. Following the completion of the sale, the senior vice president now owns 14,334 shares of the company’s stock, valued at $2,990,789.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO R Jeffrey Bailly sold 27,090 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $209.48, for a total transaction of $5,674,813.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,125 shares of company stock valued at $6,511,420. 7.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on UFPT shares. StockNews.com upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. CJS Securities started coverage on shares of UFP Technologies in a research note on Wednesday, March 20th. They set an “outperform” rating and a $255.00 price objective for the company. Finally, KeyCorp initiated coverage on UFP Technologies in a research report on Tuesday, February 6th. They issued a “sector weight” rating on the 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.