Balyasny Asset Management L.P. Has $1.30 Million Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Balyasny Asset Management L.P. increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 178.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,325 shares of the industrial products company's stock after purchasing an additional 3,416 shares during the period. Balyasny Asset Management L.P. owned approximately 0.07% of UFP Technologies worth $1,302,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Arete Wealth Advisors LLC boosted its holdings in UFP Technologies by 5.4% in the fourth 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 in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in 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 worth $1,041,000 after purchasing an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 66 shares in the last quarter. Anchor Capital Advisors LLC boosted its holdings in UFP Technologies by 1.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company's stock worth $1,108,000 after purchasing an additional 69 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in UFP Technologies by 1.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company's stock worth $1,435,000 after purchasing an additional 70 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Christopher P. Litterio sold 1,473 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $220.12, for a total transaction of $324,236.76. Following the completion of the transaction, the senior vice president now owns 12,585 shares of the company's stock, valued at approximately $2,770,210.20. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel C. Croteau sold 6,846 shares of the stock in a transaction dated 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 directly owns 1,785 shares of the company's stock, valued at $407,711.85. This trade represents a 79.32% decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

UFP Technologies Stock Performance

UFPT stock traded down $11.41 during mid-day trading on Monday, reaching $241.89. 255,593 shares of the stock traded hands, compared to its average volume of 85,463. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $366.41. The business has a 50-day moving average of $212.37 and a two-hundred day moving average of $249.24. The firm has a market capitalization of $1.86 billion, a PE ratio of 34.51 and a beta of 1.10.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.42. The business had revenue of $148.15 million during the quarter, compared to analyst estimates of $139.93 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

Analyst Upgrades and Downgrades

UFPT has been the subject of a number of recent analyst reports. Lake Street Capital set a $252.00 price target on shares of UFP Technologies and gave the company a "buy" rating in a report on Wednesday, May 7th. StockNews.com cut shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Finally, Raymond James initiated coverage on shares of UFP Technologies in a report on Friday, March 28th. They set a "market perform" rating for the company.

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.