UFP Technologies, Inc. (NASDAQ:UFPT) Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP grew its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 313,214 shares of the industrial products company’s stock after acquiring an additional 17,708 shares during the period. Wasatch Advisors LP owned about 4.10% of UFP Technologies worth $53,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of UFPT. Vanguard Group Inc. grew its stake in UFP Technologies by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 507,531 shares of the industrial products company’s stock worth $81,941,000 after purchasing an additional 12,420 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of UFP Technologies by 10.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 107,705 shares of the industrial products company’s stock valued at $17,388,000 after buying an additional 10,141 shares during the period. Geneva Capital Management LLC grew its position in shares of UFP Technologies by 72.5% during the fourth quarter. Geneva Capital Management LLC now owns 82,385 shares of the industrial products company’s stock worth $14,174,000 after buying an additional 34,622 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID increased its stake 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 buying an additional 22,163 shares during the period. Finally, Ranger Investment Management L.P. raised its holdings in UFP Technologies by 5.7% in the fourth quarter. Ranger Investment Management L.P. now owns 69,525 shares of the industrial products company’s stock valued at $11,961,000 after acquiring an additional 3,750 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Down 1.3 %

UFPT stock traded down $3.35 during trading on Tuesday, hitting $247.28. 275 shares of the company’s stock were exchanged, compared to its average volume of 59,037. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 40.29 and a beta of 0.96. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week high of $268.34. The company has a current ratio of 2.87, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $244.66 and a two-hundred day moving average price of $206.92.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.66 earnings per share for the quarter. The business had revenue of $105.01 million during the quarter. UFP Technologies had a net margin of 11.75% and a return on equity of 17.40%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. CJS Securities began coverage on shares of UFP Technologies in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price objective on the stock. StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd.

Insider Activity at UFP Technologies

In other UFP Technologies news, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total transaction of $61,111.50. Following the transaction, the vice president now owns 5,643 shares of the company’s stock, valued at $1,108,849.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.17% of the stock is owned by corporate insiders.

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.