GAMMA Investing LLC boosted its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 28,138.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,827 shares of the industrial products company's stock after purchasing an additional 26,732 shares during the quarter. GAMMA Investing LLC owned about 0.35% of UFP Technologies worth $5,411,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its position in shares of UFP Technologies by 37.1% during the 4th quarter. Wasatch Advisors LP now owns 576,691 shares of the industrial products company's stock valued at $141,007,000 after acquiring an additional 156,142 shares during the period. Vanguard Group Inc. raised its holdings in shares of UFP Technologies by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company's stock valued at $136,309,000 after purchasing an additional 17,356 shares during the period. Congress Asset Management Co. boosted its position in shares of UFP Technologies by 14.2% during the 4th quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock worth $68,787,000 after purchasing an additional 35,022 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in UFP Technologies by 55.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 178,411 shares of the industrial products company's stock valued at $43,625,000 after buying an additional 63,899 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in UFP Technologies by 48.1% during the 4th quarter. Franklin Resources Inc. now owns 136,345 shares of the industrial products company's stock worth $33,338,000 after buying an additional 44,292 shares during the period. 87.28% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, SVP Christopher P. Litterio sold 1,473 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 12,585 shares of the company's stock, valued at $2,770,210.20. This represents a 10.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is currently owned by corporate insiders.
UFP Technologies Stock Down 1.8%
Shares of NASDAQ UFPT traded down $4.28 during trading on Wednesday, hitting $234.40. The stock had a trading volume of 143,152 shares, compared to its average volume of 103,665. The firm has a fifty day moving average of $222.68 and a two-hundred day moving average of $240.80. The company has a market capitalization of $1.81 billion, a PE ratio of 33.44 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $366.41.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings data 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. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The firm had revenue of $148.15 million during the quarter, compared to analyst estimates of $139.93 million.
Wall Street Analyst Weigh In
Several research analysts have weighed in on UFPT shares. Raymond James began coverage on shares of UFP Technologies in a 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 report on Wednesday, May 7th.
Read Our Latest Stock Report on UFPT
About UFP Technologies
(
Free Report)
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.
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