36,030 Shares in UFP Technologies, Inc. $UFPT Purchased by Ranger Investment Management L.P.

Key Points

• Ranger Investment Management purchased 36,030 UFP Technologies shares worth approximately $9.6 million, acquiring a 0.47% stake. Institutional investors collectively own 87.28% of the company.
• UFP Technologies reported quarterly earnings of $2.92 per share, beating estimates of $2.31, while revenue of $173.96 million exceeded the $159.38 million consensus forecast.
• UFPT shares opened at $309.13, near their 52-week high of $338.71. Insiders sold 20,119 shares worth $6.33 million over the past three months, while analysts maintain an overall “Hold” rating.

Ranger Investment Management L.P. acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,030 shares of the industrial products company's stock, valued at approximately $9,553,000. Ranger Investment Management L.P. owned about 0.47% of UFP Technologies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UFPT. ProShare Advisors LLC boosted its holdings in shares of UFP Technologies by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company's stock worth $325,000 after purchasing an additional 46 shares during the period. Balefire LLC raised its holdings in UFP Technologies by 6.6% during the 1st quarter. Balefire LLC now owns 1,093 shares of the industrial products company's stock valued at $212,000 after buying an additional 68 shares during the period. Sanctuary Advisors LLC raised its holdings in UFP Technologies by 3.3% during the 1st quarter. Sanctuary Advisors LLC now owns 2,287 shares of the industrial products company's stock valued at $443,000 after buying an additional 72 shares during the period. Carnegie Investment Counsel lifted its position in UFP Technologies by 4.8% in the first quarter. Carnegie Investment Counsel now owns 2,064 shares of the industrial products company's stock worth $400,000 after buying an additional 94 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in UFP Technologies by 66.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company's stock worth $52,000 after buying an additional 94 shares during the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Price Performance

Shares of NASDAQ UFPT opened at $309.13 on Monday. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 33.31 and a beta of 1.08. The stock has a 50 day moving average price of $268.38 and a 200 day moving average price of $234.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The company had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. Sell-side analysts expect that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Insider Activity at UFP Technologies

In other UFP Technologies news, Chairman R Jeffrey Bailly sold 5,013 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $317.87, for a total transaction of $1,593,482.31. Following the transaction, the chairman directly owned 13,011 shares in the company, valued at $4,135,806.57. This represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cynthia L. Feldmann sold 1,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $324.26, for a total transaction of $324,260.00. Following the transaction, the director directly owned 4,476 shares in the company, valued at $1,451,387.76. This trade represents a 18.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,119 shares of company stock worth $6,328,732 over the last three months. 4.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UFPT. Weiss Ratings upgraded shares of UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of UFP Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, UFP Technologies has an average rating of "Hold".

UFP Technologies Company Profile

UFP Technologies, Inc NASDAQ: UFPT is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.

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