Annex Advisory Services LLC Has $21.24 Million Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Annex Advisory Services LLC boosted its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 70.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,288 shares of the industrial products company's stock after purchasing an additional 43,480 shares during the quarter. Annex Advisory Services LLC owned about 1.37% of UFP Technologies worth $21,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its stake in UFP Technologies by 390.6% in the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company's stock valued at $4,098,000 after acquiring an additional 10,300 shares during the period. KBC Group NV grew its stake in UFP Technologies by 37.9% in the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 103 shares during the period. Guidance Capital Inc. acquired a new position in UFP Technologies in the fourth quarter valued at about $453,000. Peterson Wealth Services grew its stake in UFP Technologies by 4.1% in the fourth quarter. Peterson Wealth Services now owns 4,099 shares of the industrial products company's stock valued at $1,002,000 after acquiring an additional 163 shares during the period. Finally, Legato Capital Management LLC grew its stake in UFP Technologies by 2.2% in the fourth quarter. Legato Capital Management LLC now owns 36,229 shares of the industrial products company's stock valued at $8,858,000 after acquiring an additional 791 shares during the period. Institutional investors own 87.28% of the company's stock.

Insider Buying and Selling

In other news, SVP Christopher P. Litterio sold 1,473 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total value of $324,236.76. Following the completion of the sale, the senior vice president now directly owns 12,585 shares of the company's stock, valued at $2,770,210.20. This trade represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on UFPT shares. Lake Street Capital set a $252.00 target price on UFP Technologies and gave the company a "buy" rating in a research note on Wednesday, May 7th. Raymond James initiated coverage on UFP Technologies in a research report on Friday, March 28th. They set a "market perform" rating for the company.

UFP Technologies Stock Down 2.7%

Shares of UFPT stock traded down $6.52 on Friday, hitting $237.46. 305,385 shares of the stock were exchanged, compared to its average volume of 98,935. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $366.41. The firm has a market capitalization of $1.83 billion, a P/E ratio of 33.87 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average of $220.28 and a 200 day moving average of $241.37.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $139.93 million.

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.