2,794 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC bought 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 fund bought 2,794 shares of the industrial products company's stock, valued at approximately $564,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC purchased a new stake in UFP Technologies in the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. bought a new position in shares of UFP Technologies during the fourth quarter valued at approximately $42,000. Venturi Wealth Management LLC purchased a new stake in UFP Technologies in the fourth quarter worth $74,000. EverSource Wealth Advisors LLC boosted its holdings in UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 66 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in UFP Technologies in the fourth quarter valued at $84,000. 87.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Raymond James began coverage on shares of UFP Technologies in a report on Friday, March 28th. They issued a "market perform" rating for the company. Lake Street Capital set a $252.00 price target on shares of UFP Technologies and gave the company a "buy" rating in a research report on Wednesday, May 7th.

Insider Transactions at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,473 shares of the business's 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 sale, the senior vice president now directly owns 12,585 shares of the company's stock, valued at $2,770,210.20. The trade was a 10.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.40% of the company's stock.

UFP Technologies Stock Up 1.0%

Shares of NASDAQ:UFPT traded up $2.42 during trading on Monday, hitting $235.42. The stock had a trading volume of 9,589 shares, compared to its average volume of 104,791. The company has a market capitalization of $1.81 billion, a PE ratio of 33.76 and a beta of 1.12. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The firm's fifty day moving average is $224.28 and its 200 day moving average is $238.58. 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 issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.42. The company had revenue of $148.15 million for the quarter, compared to analysts' expectations of $139.93 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

About UFP Technologies

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.