1,752 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Purchased by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,752 shares of the industrial products company's stock, valued at approximately $428,000.

Other large investors also recently bought and sold shares of the company. Arete Wealth Advisors LLC raised its position in shares of UFP Technologies by 5.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company's stock worth $233,000 after purchasing an additional 49 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of UFP Technologies by 1.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company's stock valued at $1,041,000 after acquiring an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after acquiring an additional 66 shares during the last quarter. Anchor Capital Advisors LLC raised its stake in UFP Technologies by 1.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company's stock valued at $1,108,000 after purchasing an additional 69 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in UFP Technologies by 1.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company's stock valued at $1,435,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the sale, the director now directly owns 1,785 shares in the company, valued at $407,711.85. This trade represents a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.17% of the company's stock.

UFP Technologies Trading Down 0.8 %

Shares of UFPT stock traded down $1.58 on Thursday, hitting $206.58. 31,150 shares of the stock traded hands, compared to its average volume of 79,020. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The stock has a market capitalization of $1.59 billion, a PE ratio of 29.47 and a beta of 1.08. The firm's 50-day moving average price is $216.01 and its two-hundred day moving average price is $258.09. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James began coverage on shares of UFP Technologies in a research report on Friday, March 28th. They set a "market perform" rating on the stock. StockNews.com lowered UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd.

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.