Dimensional Fund Advisors LP Reduces Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Dimensional Fund Advisors LP reduced its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,722 shares of the industrial products company's stock after selling 2,088 shares during the period. Dimensional Fund Advisors LP owned about 2.34% of UFP Technologies worth $43,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in UFP Technologies by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company's stock worth $9,562,000 after acquiring an additional 1,444 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of UFP Technologies by 340.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company's stock valued at $9,610,000 after buying an additional 30,372 shares during the period. Raymond James Financial Inc. bought a new position in UFP Technologies during the fourth quarter worth about $16,808,000. Mesirow Financial Investment Management Inc. grew its stake in UFP Technologies by 102.3% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 3,170 shares of the industrial products company's stock valued at $775,000 after buying an additional 1,603 shares in the last quarter. Finally, Amundi lifted its holdings in UFP Technologies by 197.1% during the 4th quarter. Amundi now owns 3,812 shares of the industrial products company's stock worth $957,000 after purchasing an additional 2,529 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction that occurred 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 transaction, the director now directly owns 1,785 shares of the company's stock, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.17% of the stock is currently owned by corporate insiders.

UFP Technologies Price Performance

UFP Technologies stock traded up $0.18 during mid-day trading on Friday, hitting $234.09. 24,871 shares of the company traded hands, compared to its average volume of 82,774. The stock has a fifty day moving average price of $208.34 and a 200-day moving average price of $251.18. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 33.39 and a beta of 1.10. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $366.41. 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 issued its earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.42. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The business had revenue of $148.15 million during the quarter, compared to analyst estimates of $139.93 million.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UFPT. StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Lake Street Capital set a $252.00 price target on shares of UFP Technologies and gave the stock a "buy" rating in a report on Wednesday. Finally, Raymond James started coverage on UFP Technologies in a research note 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.