XTX Topco Ltd Makes New Investment in UFP Technologies, Inc. (NASDAQ:UFPT)

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 bought a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,299 shares of the industrial products company's stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Kestra Private Wealth Services LLC boosted its stake in UFP Technologies by 4.0% in the first quarter. Kestra Private Wealth Services LLC now owns 2,108 shares of the industrial products company's stock valued at $425,000 after acquiring an additional 82 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of UFP Technologies by 25.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $122,000 after buying an additional 100 shares during the last quarter. Portside Wealth Group LLC raised its holdings in shares of UFP Technologies by 5.4% during the first quarter. Portside Wealth Group LLC now owns 1,971 shares of the industrial products company's stock valued at $398,000 after buying an additional 101 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in UFP Technologies by 1.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,529 shares of the industrial products company's stock worth $2,819,000 after purchasing an additional 163 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in UFP Technologies by 17.3% during the first quarter. Diversify Advisory Services LLC now owns 1,111 shares of the industrial products company's stock worth $235,000 after purchasing an additional 164 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Lake Street Capital boosted their target price on UFP Technologies from $252.00 to $289.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th.

UFP Technologies Price Performance

Shares of NASDAQ UFPT traded up $6.78 during trading on Tuesday, hitting $220.34. The company had a trading volume of 35,110 shares, compared to its average volume of 137,304. The company has a market cap of $1.70 billion, a P/E ratio of 25.55 and a beta of 1.14. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $366.41. The business's 50-day moving average is $236.90 and its 200 day moving average is $231.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77.

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

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.