2,299 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 2,299 shares of UFP Technologies, Inc., valued at approximately $464,000, in the first quarter, as disclosed in their latest SEC filing.
• UFP Technologies reported a net margin of 11.40% and a year-over-year revenue increase of 37.2%, with earnings per share of $2.50 for the quarter, exceeding analyst expectations.
• Lake Street Capital raised their price target for UFP Technologies from $252.00 to $289.00 and issued a "buy" rating for the company.

XTX Topco Ltd purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,299 shares of the industrial products company's stock, valued at approximately $464,000.

Several other institutional investors have also made changes to their positions in the stock. Johnson Financial Group Inc. bought a new position in UFP Technologies during the fourth quarter valued at approximately $42,000. Lazard Asset Management LLC bought a new position in shares of UFP Technologies in the fourth quarter valued at approximately $84,000. Park Square Financial Group LLC bought a new position in shares of UFP Technologies in the fourth quarter valued at approximately $107,000. Canada Pension Plan Investment Board raised its position in shares of UFP Technologies by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $122,000 after purchasing an additional 100 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of UFP Technologies by 263.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 922 shares of the industrial products company's stock valued at $225,000 after purchasing an additional 668 shares during the period. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Trading Down 3.5%

Shares of UFP Technologies stock opened at $206.22 on Friday. The company's fifty day simple moving average is $237.85 and its 200-day simple moving average is $232.53. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 23.90 and a beta of 1.14. The company has a current ratio of 2.77, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.25. The business had revenue of $151.18 million for the quarter, compared to the consensus estimate of $151.55 million. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. UFP Technologies's quarterly revenue was up 37.2% on a year-over-year basis. During the same quarter last year, the company posted $1.86 earnings per share.

Wall Street Analyst Weigh In

Separately, Lake Street Capital lifted their price target on shares of UFP Technologies from $252.00 to $289.00 and gave the company a "buy" rating in a research report on Wednesday.

UFP Technologies 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.

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