Two Sigma Investments LP Invests $1.17 Million 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 fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other large investors also recently bought and sold shares of UFPT. AlphaQuest LLC purchased a new position in UFP Technologies during the fourth quarter worth approximately $25,000. Johnson Financial Group Inc. purchased a new position in shares of UFP Technologies in the 4th quarter valued at $42,000. Venturi Wealth Management LLC purchased a new position in shares of UFP Technologies in the 4th quarter valued at $74,000. EverSource Wealth Advisors LLC raised its stake in shares of UFP Technologies by 24.7% in the 4th 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 during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of UFP Technologies in the 4th quarter valued at $84,000. Hedge funds and other institutional investors own 87.28% of the company's stock.

Wall Street Analysts Forecast Growth

UFPT has been the topic of a number of research reports. Raymond James initiated coverage on shares of UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating on the stock. Lake Street Capital set a $252.00 target price on shares of UFP Technologies and gave the company a "buy" rating in a research note on Wednesday, May 7th.

UFP Technologies Stock Down 2.7%

UFPT traded down $6.52 during trading hours on Friday, reaching $237.46. 305,385 shares of the stock traded hands, compared to its average volume of 98,935. The firm's fifty day simple moving average is $220.28 and its two-hundred day simple moving average is $241.37. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 33.87 and a beta of 1.12. 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 current ratio of 2.57 and a quick ratio of 1.43.

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

Insider Activity at UFP Technologies

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $220.12, for a total transaction of $324,236.76. Following the completion of the transaction, the senior vice president now directly owns 12,585 shares of the company's stock, valued at $2,770,210.20. This trade represents a 10.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.