Alberta Investment Management Corp Makes New $1.77 Million Investment in UFP Technologies, Inc. (NASDAQ:UFPT)

Alberta Investment Management Corp acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,796 shares of the industrial products company's stock, valued at approximately $1,774,000. Alberta Investment Management Corp owned approximately 0.11% of UFP Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UFPT. KLP Kapitalforvaltning AS bought a new stake in UFP Technologies in the fourth quarter valued at approximately $367,000. LPL Financial LLC boosted its position in shares of UFP Technologies by 26.2% in the 4th quarter. LPL Financial LLC now owns 9,151 shares of the industrial products company's stock worth $2,329,000 after purchasing an additional 1,898 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of UFP Technologies by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company's stock valued at $136,309,000 after acquiring an additional 17,356 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of UFP Technologies by 4.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,573 shares of the industrial products company's stock valued at $2,830,000 after purchasing an additional 525 shares during the period. Finally, Franklin Resources Inc. increased its position in UFP Technologies by 48.1% in the fourth quarter. Franklin Resources Inc. now owns 136,345 shares of the industrial products company's stock worth $33,338,000 after buying an additional 44,292 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

Analyst Ratings Changes

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

UFP Technologies Stock Down 6.9%

Shares of UFPT traded down $14.76 during mid-day trading on Thursday, hitting $198.84. 84,189 shares of the company traded hands, compared to its average volume of 136,927. The company has a market capitalization of $1.53 billion, a PE ratio of 23.05 and a beta of 1.14. The company has a quick ratio of 1.45, a current ratio of 2.77 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $238.39 and a 200 day moving average of $232.94. 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 results on Monday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.25. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The firm had revenue of $151.18 million for the quarter, compared to analysts' expectations of $151.55 million. During the same quarter in the previous year, the company posted $1.86 EPS. The company's revenue was up 37.2% compared to the same quarter last year.

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.