Calamos Advisors LLC Trims Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Calamos Advisors LLC lowered its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 58.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,050 shares of the industrial products company's stock after selling 2,877 shares during the quarter. Calamos Advisors LLC's holdings in UFP Technologies were worth $414,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in UFPT. Charles Schwab Investment Management Inc. lifted its stake in shares of UFP Technologies by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 67,954 shares of the industrial products company's stock valued at $16,615,000 after buying an additional 855 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of UFP Technologies by 5.2% during the 4th quarter. Arizona State Retirement System now owns 2,209 shares of the industrial products company's stock valued at $540,000 after buying an additional 110 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of UFP Technologies in the fourth quarter valued at about $16,808,000. Mesirow Financial Investment Management Inc. lifted its position in shares of UFP Technologies by 102.3% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 3,170 shares of the industrial products company's stock valued at $775,000 after acquiring an additional 1,603 shares in the last quarter. Finally, Amundi lifted its position in shares of UFP Technologies by 197.1% in the fourth quarter. Amundi now owns 3,812 shares of the industrial products company's stock valued at $957,000 after acquiring an additional 2,529 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

Insider Activity

In other news, SVP Christopher P. Litterio sold 1,473 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $220.12, for a total transaction of $324,236.76. Following the sale, the senior vice president directly owned 12,585 shares in the company, valued at approximately $2,770,210.20. This represents a 10.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.40% of the company's stock.

UFP Technologies Price Performance

Shares of UFPT traded up $5.05 during mid-day trading on Tuesday, hitting $246.12. 16,807 shares of the stock were exchanged, compared to its average volume of 142,765. The company has a market cap of $1.90 billion, a PE ratio of 30.12 and a beta of 1.11. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41. The firm has a 50-day moving average of $235.85 and a two-hundred day moving average of $234.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.45 and a current ratio of 2.58.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.42. The company had revenue of $148.15 million for the quarter, compared to the consensus estimate of $139.93 million. UFP Technologies had a net margin of 11.59% and a return on equity of 21.27%.

Analysts Set New Price Targets

Several equities analysts have recently commented on UFPT shares. Raymond James Financial assumed coverage on UFP Technologies in a research report on Friday, March 28th. They issued a "market perform" rating on the stock. Lake Street Capital set a $252.00 target price 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.