Deutsche Bank AG Has $1.62 Million Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Deutsche Bank AG grew its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 50.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,625 shares of the industrial products company's stock after purchasing an additional 2,214 shares during the period. Deutsche Bank AG owned approximately 0.09% of UFP Technologies worth $1,620,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UFPT. Barclays PLC increased its stake in shares of UFP Technologies by 390.6% during the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company's stock worth $4,098,000 after purchasing an additional 10,300 shares during the period. SG Americas Securities LLC increased its stake in shares of UFP Technologies by 95.6% during the fourth quarter. SG Americas Securities LLC now owns 2,220 shares of the industrial products company's stock worth $543,000 after purchasing an additional 1,085 shares during the period. Inspire Investing LLC increased its stake in shares of UFP Technologies by 29.9% during the fourth quarter. Inspire Investing LLC now owns 1,681 shares of the industrial products company's stock worth $411,000 after purchasing an additional 387 shares during the period. Tributary Capital Management LLC bought a new position in UFP Technologies during the 4th quarter worth $122,000. Finally, KBC Group NV increased its stake in UFP Technologies by 37.9% during the 4th 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.

Insider Activity at UFP Technologies

In other news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the transaction, the director now owns 1,785 shares in the company, valued at approximately $407,711.85. The trade was a 79.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher P. Litterio sold 1,473 shares of UFP Technologies stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $220.12, for a total value of $324,236.76. Following the transaction, the senior vice president now directly owns 12,585 shares in the company, valued at $2,770,210.20. The trade was a 10.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by company insiders.

UFP Technologies Price Performance

NASDAQ:UFPT traded down $8.55 during mid-day trading on Wednesday, reaching $228.10. The stock had a trading volume of 57,318 shares, compared to its average volume of 86,709. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $366.41. The stock has a 50-day simple moving average of $215.11 and a two-hundred day simple moving average of $245.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The stock has a market capitalization of $1.76 billion, a PE ratio of 32.45 and a beta of 1.10.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating 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 company had revenue of $148.15 million for the quarter, compared to analyst estimates of $139.93 million.

Wall Street Analyst Weigh In

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

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.