GSA Capital Partners LLP Acquires New Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Key Points

• GSA Capital Partners LLP has invested approximately $690,000 in UFP Technologies, purchasing 3,423 shares in the industrial products company.
• UFP Technologies recently reported $2.47 earnings per share for the quarter, exceeding analysts' expectations of $2.05, alongside a revenue of $148.15 million.
• Lake Street Capital has set a $252.00 price target on UFP Technologies and issued a "buy" rating for the stock.

GSA Capital Partners LLP purchased a new position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,423 shares of the industrial products company's stock, valued at approximately $690,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in UFP Technologies during the 4th quarter valued at about $367,000. LPL Financial LLC grew its position in UFP Technologies by 26.2% during the 4th quarter. LPL Financial LLC now owns 9,151 shares of the industrial products company's stock valued at $2,329,000 after purchasing an additional 1,898 shares during the last quarter. Vanguard Group Inc. grew its position in UFP Technologies by 3.2% during the 4th 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 last quarter. JPMorgan Chase & Co. grew its position in UFP Technologies by 4.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,573 shares of the industrial products company's stock valued at $2,830,000 after purchasing an additional 525 shares during the last quarter. Finally, Franklin Resources Inc. grew its position 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 valued at $33,338,000 after purchasing an additional 44,292 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,473 shares of UFP Technologies stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total value of $324,236.76. Following the completion of the transaction, the senior vice president owned 12,585 shares in the company, valued at approximately $2,770,210.20. The trade was a 10.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.40% of the company's stock.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT traded down $0.30 during trading on Monday, hitting $226.27. The company had a trading volume of 105,299 shares, compared to its average volume of 136,136. The stock has a 50 day simple moving average of $238.77 and a 200 day simple moving average of $233.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.45 and a current ratio of 2.58. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $366.41. The firm has a market capitalization of $1.74 billion, a P/E ratio of 27.70 and a beta of 1.14.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Monday, August 4th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.21. UFP Technologies had a return on equity of 21.27% and a net margin of 11.59%. During the same quarter in the prior year, the firm posted $1.86 EPS.

Analyst Ratings Changes

Separately, Lake Street Capital set a $252.00 price objective on shares of UFP Technologies and gave the company a "buy" rating in a research report on Wednesday, May 7th.

UFP Technologies 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.