Diamond Hill Capital Management LLC Investment Advisor Invests $14.63 Million in UFP Technologies, Inc. $UFPT

Key Points

• Diamond Hill Capital Management acquired 55,176 shares of UFP Technologies valued at approximately $14.63 million, giving it a 0.71% stake. Institutional investors collectively own 87.28% of the company.
• UFP Technologies reported quarterly EPS of $2.92, exceeding estimates of $2.31, while revenue of $173.96 million also topped expectations. Analysts project full-year EPS of $10.54.
• UFPT shares opened at $321.76, near their 52-week high of $338.71, while the analyst consensus remained “Hold.” Insiders sold 16,895 shares worth approximately $5.28 million during the quarter.

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 55,176 shares of the industrial products company's stock, valued at approximately $14,629,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.71% of UFP Technologies at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. ProShare Advisors LLC grew its stake in UFP Technologies by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company's stock worth $325,000 after buying an additional 46 shares during the last quarter. Balefire LLC boosted its holdings in shares of UFP Technologies by 6.6% in the 1st quarter. Balefire LLC now owns 1,093 shares of the industrial products company's stock worth $212,000 after acquiring an additional 68 shares in the last quarter. Sanctuary Advisors LLC grew its position in UFP Technologies by 3.3% during the 1st quarter. Sanctuary Advisors LLC now owns 2,287 shares of the industrial products company's stock worth $443,000 after acquiring an additional 72 shares during the last quarter. Carnegie Investment Counsel boosted its stake in UFP Technologies by 4.8% in the first quarter. Carnegie Investment Counsel now owns 2,064 shares of the industrial products company's stock worth $400,000 after purchasing an additional 94 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of UFP Technologies by 66.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company's stock worth $52,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 87.28% of the company's stock.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $321.76 on Monday. The stock's fifty day moving average price is $260.43 and its two-hundred day moving average price is $232.25. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. 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 company has a market cap of $2.49 billion, a price-to-earnings ratio of 34.67 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.31 by $0.61. The company had revenue of $173.96 million during the quarter, compared to analysts' expectations of $159.38 million. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%. On average, analysts anticipate that UFP Technologies, Inc. will post 10.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UFPT shares. Weiss Ratings upgraded UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of UFP Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

Insider Activity

In related news, Chairman R Jeffrey Bailly sold 10,682 shares of the firm's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $318.63, for a total value of $3,403,605.66. Following the transaction, the chairman owned 18,024 shares in the company, valued at $5,742,987.12. This trade represents a 37.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cynthia L. Feldmann sold 1,200 shares of UFP Technologies stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the completion of the sale, the director owned 5,476 shares of the company's stock, valued at approximately $1,310,352.04. The trade was a 17.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 16,895 shares of company stock worth $5,284,236. 4.59% of the stock is owned by company insiders.

UFP Technologies 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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