Brevan Howard Capital Management LP Invests $399,000 in UFP Technologies, Inc. (NASDAQ:UFPT)

Brevan Howard Capital Management LP purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,631 shares of the industrial products company's stock, valued at approximately $399,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Arete Wealth Advisors LLC increased its position in UFP Technologies by 5.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company's stock valued at $233,000 after acquiring an additional 49 shares during the period. Illinois Municipal Retirement Fund increased its position in UFP Technologies by 1.2% in the 4th 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 during the period. EverSource Wealth Advisors LLC increased its position in UFP Technologies by 24.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 66 shares during the period. Anchor Capital Advisors LLC increased its position 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 acquiring an additional 69 shares during the period. Finally, Los Angeles Capital Management LLC increased its position 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 acquiring an additional 70 shares during the period. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

UFP Technologies Price Performance

Shares of UFPT stock traded down $4.92 during mid-day trading on Wednesday, hitting $242.87. 145,341 shares of the stock traded hands, compared to its average volume of 84,110. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 34.65 and a beta of 1.10. The company's 50-day simple moving average is $210.01 and its 200-day simple moving average is $250.28. 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 released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 18.92% and a net margin of 11.74%.

Insider Transactions at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,473 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the completion of the sale, the senior vice president now directly owns 12,585 shares of the company's stock, valued at $2,770,210.20. This trade represents a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel C. Croteau sold 6,846 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares of the company's stock, valued at approximately $407,711.85. This represents a 79.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.17% of the company's 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.