Diversify Advisory Services LLC Buys Shares of 10,009 UFP Technologies, Inc. $UFPT

Key Points

• Diversify Advisory Services acquired 10,009 shares of UFP Technologies worth approximately $2.49 million, while 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 compared with expectations of $159.38 million.
• Insiders sold 19,821 shares worth $6.23 million over the past 90 days, while analysts maintain an overall “Hold” rating despite one recent upgrade to “Buy.”

Diversify Advisory Services LLC bought a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,009 shares of the industrial products company's stock, valued at approximately $2,489,000. Diversify Advisory Services LLC owned 0.13% of UFP Technologies at the end of the most recent quarter.

Several other large investors have also modified their holdings of UFPT. BlackRock Inc. acquired a new stake in shares of UFP Technologies during the second quarter worth $302,622,000. Deutsche Bank AG purchased a new position in UFP Technologies in the 2nd quarter valued at $2,272,000. Rice Hall James & Associates LLC acquired a new position in UFP Technologies in the 2nd quarter valued at $9,023,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in UFP Technologies in the 2nd quarter valued at $14,629,000. Finally, Global Retirement Partners LLC purchased a new position in UFP Technologies during the 2nd quarter worth $366,000. Hedge funds and other institutional investors own 87.28% of the company's stock.

Insiders Place Their Bets

In other news, Director Symeria Hudson sold 1,926 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $324.58, for a total transaction of $625,141.08. Following the transaction, the director directly owned 1,225 shares of the company's stock, valued at $397,610.50. This represents a 61.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman R Jeffrey Bailly sold 5,013 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $317.87, for a total transaction of $1,593,482.31. Following the completion of the transaction, the chairman owned 13,011 shares of the company's stock, valued at $4,135,806.57. This represents a 27.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 19,821 shares of company stock worth $6,233,637. Corporate insiders own 4.59% of the company's stock.

UFP Technologies Stock Down 2.3%

UFP Technologies stock opened at $313.99 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $338.71. The company has a market cap of $2.43 billion, a PE ratio of 33.84 and a beta of 1.08. The stock's 50 day moving average price is $263.98 and its 200 day moving average price is $233.23.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $173.96 million during the quarter, compared to analysts' expectations of $159.38 million. On average, sell-side analysts predict that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of UFP Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, UFP Technologies currently has an average rating of "Hold".

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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