UFP Technologies, Inc. (NASDAQ:UFPT) Shares Bought by Geneva Capital Management LLC

Geneva Capital Management LLC grew its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 72.5% in the fourth quarter, HoldingsChannel reports. The fund owned 82,385 shares of the industrial products company’s stock after buying an additional 34,622 shares during the quarter. Geneva Capital Management LLC’s holdings in UFP Technologies were worth $14,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in UFP Technologies by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,004 shares of the industrial products company’s stock worth $10,151,000 after purchasing an additional 1,934 shares in the last quarter. AJOVista LLC purchased a new position in UFP Technologies in the 4th quarter worth approximately $76,000. Norden Group LLC boosted its holdings in UFP Technologies by 61.6% in the 4th quarter. Norden Group LLC now owns 2,007 shares of the industrial products company’s stock worth $345,000 after acquiring an additional 765 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in UFP Technologies by 48.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 2,000 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 650 shares during the period. Finally, Anchor Capital Advisors LLC boosted its holdings in UFP Technologies by 16.7% in the 4th quarter. Anchor Capital Advisors LLC now owns 9,163 shares of the industrial products company’s stock worth $1,576,000 after acquiring an additional 1,309 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analyst Weigh In

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

UFP Technologies Stock Up 0.6 %

Shares of UFP Technologies stock traded up $1.44 on Friday, hitting $262.86. 16,752 shares of the company’s stock traded hands, compared to its average volume of 64,379. The stock has a market cap of $2.02 billion, a P/E ratio of 42.03 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 2.48 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average is $227.78 and its 200 day moving average is $190.03. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week high of $268.34.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.12 by $0.41. The company had revenue of $101.50 million during the quarter, compared to analysts’ expectations of $94.80 million. UFP Technologies had a return on equity of 17.75% and a net margin of 11.75%. Equities analysts anticipate that UFP Technologies, Inc. will post 6.19 earnings per share for the current year.

Insider Activity at UFP Technologies

In other UFP Technologies news, VP Steve Cardin sold 311 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total value of $61,111.50. Following the sale, the vice president now directly owns 5,643 shares of the company’s stock, valued at $1,108,849.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Christopher P. Litterio sold 2,000 shares of the firm’s 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 transaction, the senior vice president now directly owns 14,334 shares of the company’s stock, valued at $2,990,789.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value of $61,111.50. Following the transaction, the vice president now directly owns 5,643 shares in the company, valued at $1,108,849.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,125 shares of company stock valued at $6,511,420. Corporate insiders own 7.80% of the company’s stock.

About UFP Technologies

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.