De Lisle Partners LLP Acquires Shares of 74,302 UFP Technologies, Inc. $UFPT

Key Points

• De Lisle Partners LLP acquired 74,302 shares of UFP Technologies worth approximately $19.7 million, making UFPT its sixth-largest holding and representing 2.1% of its portfolio. Institutional investors collectively own 87.28% of the company.
• UFP Technologies exceeded quarterly expectations, reporting $2.92 in EPS versus the $2.31 consensus estimate and revenue of $173.96 million versus $159.38 million expected.
• UFPT shares opened at $309.13, near their 52-week high of $338.71, while analysts maintained a consensus “Hold” rating. Company insiders sold 20,119 shares worth $6.33 million over the past 90 days.

De Lisle Partners LLP purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 74,302 shares of the industrial products company's stock, valued at approximately $19,677,000. UFP Technologies makes up 2.1% of De Lisle Partners LLP's investment portfolio, making the stock its 6th largest holding. De Lisle Partners LLP owned 0.96% of UFP Technologies at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of UFPT. Rice Hall James & Associates LLC increased its stake in shares of UFP Technologies by 110.0% in the 1st quarter. Rice Hall James & Associates LLC now owns 21,211 shares of the industrial products company's stock valued at $4,106,000 after buying an additional 11,111 shares during the period. UBS Group AG raised its position in shares of UFP Technologies by 22.4% during the fourth quarter. UBS Group AG now owns 189,403 shares of the industrial products company's stock worth $42,053,000 after acquiring an additional 34,715 shares during the last quarter. Maridea Wealth Management LLC acquired a new position in shares of UFP Technologies during the first quarter valued at $1,465,000. Isthmus Partners LLC acquired a new position in shares of UFP Technologies during the first quarter valued at $1,679,000. Finally, Y Intercept Hong Kong Ltd bought a new position in UFP Technologies in the first quarter valued at about $953,000. Institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

Shares of UFP Technologies stock opened at $309.13 on Friday. The firm has a fifty day moving average of $268.38 and a two-hundred day moving average of $234.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.72 and a current ratio of 3.00. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 33.31 and a beta of 1.08. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $338.71.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The business had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. As a group, equities research analysts predict that UFP Technologies, Inc. will post 10.54 EPS for the current year.

Analysts Set New Price Targets

UFPT has been the subject of a number of research reports. Wall Street Zen upgraded UFP Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".

Insider Transactions at UFP Technologies

In related news, Director Cynthia L. Feldmann sold 1,200 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $239.29, for a total value of $287,148.00. Following the sale, the director directly owned 5,476 shares in the company, valued at $1,310,352.04. This trade represents a 17.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman R Jeffrey Bailly sold 10,682 shares of UFP Technologies stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $318.63, for a total transaction of $3,403,605.66. Following the transaction, the chairman directly owned 18,024 shares in the company, valued at $5,742,987.12. The trade was a 37.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 20,119 shares of company stock worth $6,328,732. 4.59% of the stock is currently owned by company insiders.

UFP Technologies Company Profile

UFP Technologies, Inc NASDAQ: UFPT is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.

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