SG Americas Securities LLC increased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 80.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,001 shares of the industrial products company's stock after buying an additional 1,781 shares during the quarter. SG Americas Securities LLC owned about 0.05% of UFP Technologies worth $807,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in shares of UFP Technologies in the 4th quarter worth about $25,000. Johnson Financial Group Inc. purchased a new position in shares of UFP Technologies in the 4th quarter worth about $42,000. Venturi Wealth Management LLC purchased a new position in shares of UFP Technologies in the 4th quarter worth about $74,000. EverSource Wealth Advisors LLC raised its holdings 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 worth $81,000 after purchasing 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 worth about $84,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was 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 $2,770,210.20. This trade represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.40% of the company's stock.
UFP Technologies Stock Down 0.7%
Shares of UFPT stock traded down $1.54 during trading hours on Monday, reaching $233.14. The company had a trading volume of 121,446 shares, compared to its average volume of 105,884. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.45 and a current ratio of 2.58. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The company has a market capitalization of $1.80 billion, a P/E ratio of 28.54 and a beta of 1.12. The stock's fifty day simple moving average is $227.90 and its 200 day simple moving average is $235.94.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results 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. UFP Technologies had a return on equity of 21.27% and a net margin of 11.59%. The business had revenue of $148.15 million during the quarter, compared to analyst estimates of $139.93 million.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. 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 Financial began coverage on UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating for the company.
View Our Latest Analysis on UFPT
UFP Technologies Profile
(
Free Report)
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.
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