UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Palisades Investment Partners LLC

Palisades Investment Partners LLC raised its position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,927 shares of the industrial products company's stock after acquiring an additional 2,945 shares during the quarter. UFP Technologies accounts for about 3.6% of Palisades Investment Partners LLC's investment portfolio, making the stock its 9th largest holding. Palisades Investment Partners LLC owned approximately 0.46% of UFP Technologies worth $8,540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in UFP Technologies by 1.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,529 shares of the industrial products company's stock worth $2,819,000 after purchasing an additional 163 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of UFP Technologies during the fourth quarter valued at about $1,168,000. Royal Bank of Canada raised its position in UFP Technologies by 508.8% in the fourth quarter. Royal Bank of Canada now owns 69,145 shares of the industrial products company's stock worth $16,907,000 after acquiring an additional 57,787 shares in the last quarter. ProShare Advisors LLC raised its position in UFP Technologies by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 2,189 shares of the industrial products company's stock worth $535,000 after acquiring an additional 673 shares in the last quarter. Finally, Numerai GP LLC bought a new stake in UFP Technologies in the fourth quarter worth about $1,270,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the transaction, the director now directly owns 1,785 shares of the company's stock, valued at approximately $407,711.85. This trade represents a 79.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $324,236.76. Following the completion of the sale, the senior vice president now owns 12,585 shares of the company's stock, valued at approximately $2,770,210.20. This trade represents a 10.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.40% of the company's stock.

Analyst Upgrades and Downgrades

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

UFP Technologies Stock Performance

UFPT stock traded up $0.63 during midday trading on Tuesday, hitting $235.05. The stock had a trading volume of 34,184 shares, compared to its average volume of 115,763. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 33.53 and a beta of 1.10. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $366.41. The stock has a 50-day simple moving average of $214.63 and a 200 day simple moving average of $245.95. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

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 analysts' consensus estimates of $2.05 by $0.42. The company had revenue of $148.15 million during 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%.

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.