Nuveen Asset Management LLC Reduces Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Nuveen Asset Management LLC lessened its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,696 shares of the industrial products company's stock after selling 1,928 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.26% of UFP Technologies worth $4,816,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Arete Wealth Advisors LLC increased its holdings in UFP Technologies by 5.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company's stock valued at $233,000 after buying an additional 49 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in UFP Technologies by 1.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company's stock valued at $1,041,000 after buying an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 buying an additional 66 shares during the last quarter. Anchor Capital Advisors LLC grew its holdings in shares of UFP Technologies by 1.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company's stock worth $1,108,000 after purchasing an additional 69 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of UFP Technologies by 1.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company's stock worth $1,435,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Performance

NASDAQ:UFPT traded down $2.00 during mid-day trading on Monday, reaching $232.20. 559,367 shares of the stock were exchanged, compared to its average volume of 92,208. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $366.41. The stock has a market capitalization of $1.79 billion, a P/E ratio of 33.12 and a beta of 1.10. The company has a 50 day simple moving average of $216.66 and a 200-day simple moving average of $243.31. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its 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. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $148.15 million during the quarter, compared to the consensus estimate of $139.93 million.

Wall Street Analyst Weigh In

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

Insider Transactions at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,473 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 12,585 shares in the company, valued at approximately $2,770,210.20. This represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.