Jump Financial LLC Decreases Stock Position in UFP Technologies, Inc. $UFPT

Key Points

• Jump Financial LLC decreased its stake in UFP Technologies by 16.8% in Q1, holding 9,399 shares worth approximately $1.9 million after selling 1,900 shares.
• Other institutional investors have increased their positions significantly, with American Century Companies growing its stake by 1,858.2% to own 287,588 shares valued at $58 million.
• Lake Street Capital upgraded UFP Technologies to a "buy" rating, raising the price target from $252 to $289, indicating positive market sentiment for the stock's future performance.

Jump Financial LLC lowered its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 16.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,399 shares of the industrial products company's stock after selling 1,900 shares during the period. Jump Financial LLC owned about 0.12% of UFP Technologies worth $1,896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UFPT. Mariner LLC bought a new stake in UFP Technologies during the 4th quarter worth $354,000. First Trust Advisors LP grew its position in shares of UFP Technologies by 13.3% in the 4th quarter. First Trust Advisors LP now owns 18,663 shares of the industrial products company's stock valued at $4,563,000 after buying an additional 2,190 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of UFP Technologies by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 4,440 shares of the industrial products company's stock valued at $1,086,000 after buying an additional 246 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of UFP Technologies by 263.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 922 shares of the industrial products company's stock valued at $225,000 after buying an additional 668 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of UFP Technologies by 72.9% in the 4th quarter. Stifel Financial Corp now owns 4,976 shares of the industrial products company's stock valued at $1,217,000 after buying an additional 2,098 shares during the last quarter. Institutional investors own 87.28% of the company's stock.

UFP Technologies Trading Down 0.5%

Shares of UFP Technologies stock traded down $1.13 on Friday, hitting $210.16. 91,055 shares of the company's stock traded hands, compared to its average volume of 121,787. The company has a fifty day moving average of $231.62 and a two-hundred day moving average of $226.38. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $366.41. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.77 and a quick ratio of 1.53. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 24.35 and a beta of 1.14.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released 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 $2.25 by $0.25. The company had revenue of $151.18 million during the quarter, compared to analyst estimates of $151.55 million. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.UFP Technologies's quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 earnings per share.

Analyst Ratings Changes

Separately, Lake Street Capital upped their price target on UFP Technologies from $252.00 to $289.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $289.00.

UFP Technologies Company 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.