UFP Technologies, Inc. $UFPT Stock Sold by Annex Advisory Services LLC

Annex Advisory Services LLC lessened its holdings in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,803 shares of the industrial products company's stock after selling 19,678 shares during the period. Annex Advisory Services LLC owned about 1.43% of UFP Technologies worth $32,888,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Davidson Capital Management Inc. lifted its position in shares of UFP Technologies by 1.4% in the third quarter. Davidson Capital Management Inc. now owns 23,556 shares of the industrial products company's stock worth $6,992,000 after purchasing an additional 321 shares in the last quarter. ZWJ Investment Counsel Inc. increased its stake in UFP Technologies by 5.4% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 1,374 shares of the industrial products company's stock valued at $408,000 after buying an additional 70 shares during the period. GK Wealth Management LLC acquired a new position in UFP Technologies in the 3rd quarter valued at approximately $126,000. Integrated Wealth Concepts LLC purchased a new stake in UFP Technologies in the 2nd quarter worth approximately $41,000. Finally, Nykredit A S purchased a new stake in UFP Technologies in the 2nd quarter worth approximately $126,000. Hedge funds and other institutional investors own 87.28% of the company's stock.

UFP Technologies Stock Down 1.9%

UFPT stock opened at $291.67 on Friday. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 29.05 and a beta of 1.04. The company has a 50-day moving average of $296.42 and a two-hundred day moving average of $253.61. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.61. The business had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%. As a group, equities research analysts anticipate that UFP Technologies, Inc. will post 10.54 EPS for the current year.

Insiders Place Their Bets

In other news, Chairman R. Bailly sold 10,682 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $318.63, for a total value of $3,403,605.66. Following the sale, the chairman owned 18,024 shares in the company, valued at approximately $5,742,987.12. This trade represents a 37.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Cynthia L. Feldmann sold 1,000 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the sale, the director owned 4,476 shares in the company, valued at approximately $1,451,387.76. The trade was a 18.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,919 shares of company stock valued at $8,173,084 in the last three months. 4.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UFPT has been the subject of a number of research reports. Weiss Ratings raised shares of UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of UFP Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

UFP Technologies Profile

UFP Technologies, Inc NASDAQ: UFPT is a designer and manufacturer of custom-engineered components, subassemblies and complete systems used primarily in the medical device industry. The company works with medical device manufacturers to develop solutions for applications such as minimally invasive surgery, orthopedics, cardiovascular care, wound care, drug delivery and patient monitoring.

Its capabilities include materials selection, product design and development, precision converting, molding, thermoforming, assembly and packaging.

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