1,391 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Purchased by Cetera Investment Advisers

Cetera Investment Advisers purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,391 shares of the industrial products company's stock, valued at approximately $340,000.

Other large investors also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in UFP Technologies during the fourth quarter worth $25,000. Johnson Financial Group Inc. purchased a new stake in shares of UFP Technologies during the fourth quarter worth $42,000. Venturi Wealth Management LLC purchased a new stake in shares of UFP Technologies during the fourth quarter worth $74,000. EverSource Wealth Advisors LLC increased its position in shares of UFP Technologies by 24.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after acquiring an additional 66 shares during the period. Finally, KBC Group NV increased its position in shares of UFP Technologies by 37.9% during the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company's stock worth $92,000 after acquiring an additional 103 shares during the period. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Stock Up 2.9%

NASDAQ:UFPT traded up $6.68 during trading hours on Tuesday, hitting $238.88. The company's stock had a trading volume of 324,730 shares, compared to its average volume of 93,371. The stock has a market capitalization of $1.84 billion, a P/E ratio of 34.08 and a beta of 1.10. The stock has a fifty day moving average of $217.95 and a 200-day moving average of $242.84. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.05 by $0.42. The firm had revenue of $148.15 million for the quarter, compared to analyst estimates of $139.93 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Insiders Place Their Bets

In other news, SVP Christopher P. Litterio sold 1,473 shares of the 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 completion of the sale, the senior vice president now 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.40% of the company's stock.

Wall Street Analyst Weigh In

UFPT has been the topic of a number of recent research reports. Raymond James initiated coverage on UFP Technologies in a research report on Friday, March 28th. They set a "market perform" rating on the stock. Lake Street Capital set a $252.00 price objective on UFP Technologies and gave the stock a "buy" rating in a research report on Wednesday, May 7th.

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.