Universal Beteiligungs und Servicegesellschaft mbH Takes Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested $815,000 in UFP Technologies, acquiring approximately 4,040 shares, which represents about 0.05% ownership of the company.
• UFP Technologies reported $2.47 earnings per share, exceeding analyst expectations of $2.05, with a revenue of $148.15 million for the quarter.
• A "buy" rating and a target price of $252.00 per share were set by Lake Street Capital for UFP Technologies, reflecting positive analyst sentiment.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,040 shares of the industrial products company's stock, valued at approximately $815,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of UFP Technologies as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of UFPT. Guidance Capital Inc. lifted its position in shares of UFP Technologies by 20.9% during the 1st quarter. Guidance Capital Inc. now owns 2,040 shares of the industrial products company's stock valued at $413,000 after acquiring an additional 353 shares during the period. GW&K Investment Management LLC raised its holdings in UFP Technologies by 3.0% during the first quarter. GW&K Investment Management LLC now owns 60,956 shares of the industrial products company's stock worth $12,295,000 after buying an additional 1,789 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in UFP Technologies by 4.0% during the first quarter. Kestra Private Wealth Services LLC now owns 2,108 shares of the industrial products company's stock worth $425,000 after buying an additional 82 shares during the last quarter. Diversify Advisory Services LLC grew its stake in shares of UFP Technologies by 17.3% in the 1st quarter. Diversify Advisory Services LLC now owns 1,111 shares of the industrial products company's stock worth $235,000 after acquiring an additional 164 shares in the last quarter. Finally, Tributary Capital Management LLC grew its stake in shares of UFP Technologies by 174.0% in the 1st quarter. Tributary Capital Management LLC now owns 1,370 shares of the industrial products company's stock worth $276,000 after acquiring an additional 870 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

UFP Technologies Stock Up 0.1%

Shares of NASDAQ UFPT traded up $0.18 during trading on Friday, hitting $226.57. The stock had a trading volume of 110,703 shares, compared to its average volume of 82,784. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $366.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.58 and a quick ratio of 1.45. The company has a market capitalization of $1.75 billion, a PE ratio of 27.73 and a beta of 1.14. The firm has a fifty day moving average of $238.77 and a two-hundred day moving average of $233.49.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.42. The company had revenue of $148.15 million during the quarter, compared to analyst estimates of $139.93 million. UFP Technologies had a net margin of 11.59% and a return on equity of 21.27%.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital set a $252.00 target price on shares of UFP Technologies and gave the stock a "buy" rating in a research note on Wednesday, May 7th.

Insiders Place Their Bets

In related 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 transaction, the senior vice president owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.