Bridge City Capital LLC Purchases 10,436 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Bridge City Capital LLC raised its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 72.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,889 shares of the industrial products company's stock after purchasing an additional 10,436 shares during the quarter. UFP Technologies makes up approximately 1.5% of Bridge City Capital LLC's holdings, making the stock its 19th biggest position. Bridge City Capital LLC owned about 0.32% of UFP Technologies worth $5,020,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in shares of UFP Technologies during the 4th quarter valued at about $25,000. Johnson Financial Group Inc. acquired a new position in UFP Technologies during the fourth quarter valued at approximately $42,000. Venturi Wealth Management LLC bought a new position in shares of UFP Technologies in the fourth quarter valued at approximately $74,000. EverSource Wealth Advisors LLC lifted its stake in shares of UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after buying an additional 66 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of UFP Technologies during the 4th quarter worth $84,000. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Price Performance

Shares of NASDAQ UFPT traded up $2.87 during mid-day trading on Thursday, hitting $237.27. 205,906 shares of the stock were exchanged, compared to its average volume of 104,072. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The stock's fifty day simple moving average is $223.48 and its two-hundred day simple moving average is $240.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The company has a market cap of $1.83 billion, a P/E ratio of 33.85 and a beta of 1.12.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, topping analysts' consensus estimates 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.

Insider Transactions at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,473 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $220.12, for a total transaction of $324,236.76. Following the transaction, the senior vice president now directly owns 12,585 shares in the company, valued at approximately $2,770,210.20. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UFPT. Raymond James started coverage on shares of UFP Technologies in a research report on Friday, March 28th. They set a "market perform" rating for the company. Lake Street Capital set a $252.00 price objective on shares of UFP Technologies and gave the stock a "buy" rating in a report on Wednesday, May 7th.

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.