Jane Street Group LLC Lowers Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Jane Street Group LLC trimmed its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 57.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,887 shares of the industrial products company's stock after selling 6,694 shares during the period. Jane Street Group LLC owned approximately 0.06% of UFP Technologies worth $1,195,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in shares of UFP Technologies in the 4th quarter worth about $25,000. Johnson Financial Group Inc. purchased a new position in UFP Technologies in the 4th quarter worth approximately $42,000. Venturi Wealth Management LLC purchased a new position in UFP Technologies in the 4th quarter worth approximately $74,000. EverSource Wealth Advisors LLC raised its holdings in UFP Technologies by 24.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after acquiring an additional 66 shares during the last quarter. Finally, KBC Group NV raised its holdings in UFP Technologies by 37.9% in 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 last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

UFP Technologies Trading Down 1.1%

UFPT stock opened at $239.30 on Wednesday. The firm has a fifty day moving average price of $212.97 and a 200 day moving average price of $249.18. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The firm has a market cap of $1.84 billion, a PE ratio of 34.14 and a beta of 1.10.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.05 by $0.42. The company had revenue of $148.15 million during the quarter, compared to analyst estimates of $139.93 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Raymond James assumed coverage on shares of UFP Technologies in a research note on Friday, March 28th. They set a "market perform" rating for the company. StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Finally, Lake Street Capital set a $252.00 price objective on shares of UFP Technologies and gave the company a "buy" rating in a report on Wednesday, May 7th.

Insider Buying and Selling at UFP Technologies

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

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.

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