UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC increased its stake in UFP Technologies by 5.2%, acquiring an additional 1,223 shares, and now controls approximately 0.32% of the company valued at $4,964,000.
• UFP Technologies reported earnings of $2.50 per share for the last quarter, exceeding analyst expectations, and achieving a year-over-year revenue increase of 37.2%.
• Lake Street Capital raised its price target on UFP Technologies from $252.00 to $289.00, rating the stock as a "buy".

Townsquare Capital LLC boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 5.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 24,610 shares of the industrial products company's stock after purchasing an additional 1,223 shares during the period. Townsquare Capital LLC owned approximately 0.32% of UFP Technologies worth $4,964,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Alberta Investment Management Corp purchased a new stake in shares of UFP Technologies in the first quarter valued at about $1,774,000. Vestcor Inc boosted its holdings in shares of UFP Technologies by 309.6% in the first quarter. Vestcor Inc now owns 4,526 shares of the industrial products company's stock valued at $913,000 after acquiring an additional 3,421 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of UFP Technologies in the first quarter valued at about $464,000. De Lisle Partners LLP boosted its holdings in shares of UFP Technologies by 17.9% in the first quarter. De Lisle Partners LLP now owns 79,802 shares of the industrial products company's stock valued at $16,114,000 after acquiring an additional 12,129 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of UFP Technologies in the first quarter valued at about $690,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Price Performance

UFPT traded up $6.24 during midday trading on Tuesday, reaching $219.80. 126,495 shares of the company's stock were exchanged, compared to its average volume of 112,481. The business's 50-day moving average price is $236.52 and its 200 day moving average price is $231.10. 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 stock has a market capitalization of $1.69 billion, a PE ratio of 25.47 and a beta of 1.14. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $366.41.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The industrial products company reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.25. The business had revenue of $151.18 million during the quarter, compared to analyst estimates of $151.55 million. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The company's revenue was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 earnings per share.

Analyst Ratings Changes

Separately, Lake Street Capital lifted their target price on shares of UFP Technologies from $252.00 to $289.00 and gave the company a "buy" rating in a report on Wednesday, August 6th.

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.