UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,076 shares of the industrial products company's stock after selling 9,106 shares during the period. Russell Investments Group Ltd. owned 0.93% of UFP Technologies worth $12,228,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UFPT. Mountain Pacific Investment Advisers Inc. ID boosted its stake in UFP Technologies by 46.0% in the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 70,360 shares of the industrial products company's stock worth $12,105,000 after purchasing an additional 22,163 shares during the period. Motley Fool Asset Management LLC grew its stake in UFP Technologies by 8.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 8,960 shares of the industrial products company's stock valued at $1,541,000 after acquiring an additional 720 shares in the last quarter. Yousif Capital Management LLC increased its holdings in UFP Technologies by 1.9% in the 4th quarter. Yousif Capital Management LLC now owns 4,061 shares of the industrial products company's stock valued at $699,000 after acquiring an additional 74 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in UFP Technologies by 99.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 26,130 shares of the industrial products company's stock worth $4,495,000 after purchasing an additional 13,050 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in UFP Technologies by 98.6% in the 4th quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company's stock worth $25,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com upgraded UFP Technologies from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. CJS Securities assumed coverage on UFP Technologies in a research report on Wednesday, March 20th. They set an "outperform" rating and a $255.00 target price for the company. Finally, KeyCorp started coverage on shares of UFP Technologies in a research report on Tuesday, February 6th. They issued a "sector weight" rating on the stock.

UFP Technologies Trading Up 2.7 %

NASDAQ UFPT traded up $6.86 during trading hours on Friday, hitting $262.14. 73,432 shares of the company were exchanged, compared to its average volume of 63,985. UFP Technologies, Inc. has a 52 week low of $127.29 and a 52 week high of $265.94. The company has a quick ratio of 1.28, a current ratio of 2.48 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $224.09 and a 200 day moving average price of $187.64. The stock has a market cap of $2.01 billion, a PE ratio of 42.14 and a beta of 0.90.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.41. The firm had revenue of $101.50 million during the quarter, compared to analysts' expectations of $94.80 million. UFP Technologies had a return on equity of 17.75% and a net margin of 11.75%. Analysts forecast that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

Insider Activity

In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,724 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $207.77, for a total value of $358,195.48. Following the completion of the sale, the director now owns 4,466 shares of the company's stock, valued at $927,900.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,724 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $207.77, for a total value of $358,195.48. Following the transaction, the director now owns 4,466 shares of the company's stock, valued at approximately $927,900.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steve Cardin sold 311 shares of UFP Technologies stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total value of $61,111.50. Following the sale, the vice president now owns 5,643 shares of the company's stock, valued at $1,108,849.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,125 shares of company stock valued at $6,511,420. 7.80% of the stock is currently owned by company insiders.

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.