Two Sigma Investments LP Buys New Shares in UFP Technologies, Inc. (NASDAQ:UFPT)

Two Sigma Investments LP purchased a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,776 shares of the industrial products company's stock, valued at approximately $1,168,000. Two Sigma Investments LP owned 0.06% of UFP Technologies as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of UFP Technologies by 390.6% in the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company's stock valued at $4,098,000 after buying an additional 10,300 shares in the last quarter. KBC Group NV boosted its stake in shares of UFP Technologies by 37.9% in the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company's stock valued at $92,000 after buying an additional 103 shares in the last quarter. Guidance Capital Inc. purchased a new stake in shares of UFP Technologies in the fourth quarter valued at approximately $453,000. Peterson Wealth Services boosted its stake in shares of UFP Technologies by 4.1% in the fourth quarter. Peterson Wealth Services now owns 4,099 shares of the industrial products company's stock valued at $1,002,000 after buying an additional 163 shares in the last quarter. Finally, Legato Capital Management LLC boosted its stake in shares of UFP Technologies by 2.2% in the fourth quarter. Legato Capital Management LLC now owns 36,229 shares of the industrial products company's stock valued at $8,858,000 after buying an additional 791 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

UFP Technologies Price Performance

UFPT traded down $6.52 during trading on Friday, reaching $237.46. 305,385 shares of the stock were exchanged, compared to its average volume of 98,663. The business's 50 day moving average price is $220.28 and its two-hundred day moving average price is $242.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 33.87 and a beta of 1.12. 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 issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.42. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The business had revenue of $148.15 million for the quarter, compared to the consensus estimate of $139.93 million.

Insider Activity

In other news, SVP Christopher P. Litterio sold 1,473 shares of the company's stock in a transaction 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 in the company, valued at $2,770,210.20. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.