SG Americas Securities LLC Purchases 1,781 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

SG Americas Securities LLC raised its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 80.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,001 shares of the industrial products company's stock after purchasing an additional 1,781 shares during the quarter. SG Americas Securities LLC owned 0.05% of UFP Technologies worth $807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wasatch Advisors LP lifted its position in shares of UFP Technologies by 37.1% during the 4th quarter. Wasatch Advisors LP now owns 576,691 shares of the industrial products company's stock worth $141,007,000 after buying an additional 156,142 shares during the last quarter. Vanguard Group Inc. raised its stake in UFP Technologies by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company's stock worth $136,309,000 after acquiring an additional 17,356 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of UFP Technologies by 10.0% in the first quarter. Congress Asset Management Co. now owns 309,395 shares of the industrial products company's stock worth $62,408,000 after acquiring an additional 28,070 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of UFP Technologies by 55.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 178,411 shares of the industrial products company's stock valued at $43,625,000 after purchasing an additional 63,899 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of UFP Technologies by 48.1% during the 4th quarter. Franklin Resources Inc. now owns 136,345 shares of the industrial products company's stock valued at $33,338,000 after purchasing an additional 44,292 shares during the last quarter. Institutional investors own 87.28% of the company's stock.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of UFP Technologies stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the transaction, the senior vice president now directly owns 12,585 shares of the company's stock, valued at approximately $2,770,210.20. The trade was a 10.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.40% of the company's stock.

UFP Technologies Trading Down 2.3%

UFP Technologies stock traded down $5.57 during trading hours on Friday, hitting $234.68. The stock had a trading volume of 111,405 shares, compared to its average volume of 105,789. The business's 50 day simple moving average is $226.90 and its 200-day simple moving average is $237.52. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $366.41. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 28.72 and a beta of 1.12. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.47.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released 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 21.27% and a net margin of 11.59%. The company had revenue of $148.15 million during the quarter, compared to the consensus estimate of $139.93 million.

Analyst Ratings Changes

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

About UFP Technologies

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.