Dark Forest Capital Management LP Increases Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Dark Forest Capital Management LP increased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 337.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,331 shares of the industrial products company's stock after acquiring an additional 2,569 shares during the period. Dark Forest Capital Management LP's holdings in UFP Technologies were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UFPT. MML Investors Services LLC bought a new stake in shares of UFP Technologies in the 3rd quarter worth approximately $219,000. Barclays PLC raised its stake in UFP Technologies by 390.6% during the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company's stock valued at $4,098,000 after buying an additional 10,300 shares during the last quarter. World Investment Advisors LLC bought a new stake in UFP Technologies in the third quarter worth $792,000. Tidal Investments LLC grew its stake in shares of UFP Technologies by 28.4% in the third quarter. Tidal Investments LLC now owns 3,578 shares of the industrial products company's stock worth $1,133,000 after acquiring an additional 792 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of UFP Technologies by 39.4% during the third quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company's stock valued at $28,904,000 after acquiring an additional 26,001 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies 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 completion of the sale, the director now owns 1,785 shares of the company's stock, valued at $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.17% of the stock is currently owned by insiders.

UFP Technologies Stock Performance

Shares of NASDAQ:UFPT traded down $1.21 during midday trading on Wednesday, reaching $210.39. 46,344 shares of the company's stock traded hands, compared to its average volume of 80,202. 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, Inc. has a one year low of $178.26 and a one year high of $366.41. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 30.07 and a beta of 1.08. The stock has a 50 day moving average of $211.87 and a 200 day moving average of $255.40.

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, beating 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 firm had revenue of $144.07 million for the quarter, compared to the consensus estimate of $141.67 million.

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.