Calamos Advisors LLC Trims Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Calamos Advisors LLC cut its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 54.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,544 shares of the industrial products company's stock after selling 16,255 shares during the period. Calamos Advisors LLC owned 0.18% of UFP Technologies worth $2,330,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. boosted its holdings in UFP Technologies by 98.6% in the fourth quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 73 shares during the last quarter. Macquarie Group Ltd. acquired a new position in UFP Technologies in the fourth quarter valued at approximately $34,000. Ronald Blue Trust Inc. acquired a new position in UFP Technologies in the third quarter valued at approximately $48,000. Point72 Asset Management L.P. acquired a new position in UFP Technologies in the fourth quarter valued at approximately $43,000. Finally, Citigroup Inc. lifted its stake in UFP Technologies by 121.3% in the fourth quarter. Citigroup Inc. now owns 394 shares of the industrial products company's stock valued at $46,000 after buying an additional 216 shares during the period. 87.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com raised UFP Technologies from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. CJS Securities assumed coverage on UFP Technologies in a research note on Wednesday, March 20th. They issued an "outperform" rating and a $255.00 price target on the stock. Finally, KeyCorp started coverage on UFP Technologies in a research note on Tuesday, February 6th. They issued a "sector weight" rating on the stock.

UFP Technologies Stock Down 4.5 %

Shares of NASDAQ:UFPT traded down $9.82 during trading on Friday, reaching $207.92. 79,072 shares of the stock were exchanged, compared to its average volume of 68,092. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.48 and a quick ratio of 1.28. UFP Technologies, Inc. has a 1-year low of $127.29 and a 1-year high of $257.29. The stock has a fifty day moving average of $218.14 and a two-hundred day moving average of $183.09. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 35.54 and a beta of 0.83.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.41. UFP Technologies had a return on equity of 25.48% and a net margin of 11.23%. The company had revenue of $101.50 million for the quarter, compared to analyst estimates of $94.80 million. Research analysts anticipate that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Christopher P. Litterio sold 2,000 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total transaction of $417,300.00. Following the completion of the sale, the senior vice president now owns 14,334 shares in the company, valued at $2,990,789.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Christopher P. Litterio sold 2,000 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total transaction of $417,300.00. Following the completion of the sale, the senior vice president now owns 14,334 shares in the company, valued at $2,990,789.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO R Jeffrey Bailly sold 27,090 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,125 shares of company stock worth $6,511,420. 7.80% of the stock is owned by corporate insiders.

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.