UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Geneva Capital Management LLC

Geneva Capital Management LLC grew its stake in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 72.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,385 shares of the industrial products company's stock after purchasing an additional 34,622 shares during the period. Geneva Capital Management LLC owned about 1.08% of UFP Technologies worth $14,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in UFP Technologies by 193.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,070 shares of the industrial products company's stock worth $9,214,000 after purchasing an additional 37,590 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of UFP Technologies by 307.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 45,892 shares of the industrial products company's stock worth $7,409,000 after buying an additional 34,622 shares during the period. Mountain Pacific Investment Advisers Inc. ID grew its position in shares of UFP Technologies by 46.0% during 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 buying an additional 22,163 shares during the period. Knights of Columbus Asset Advisors LLC grew its position in shares of UFP Technologies by 99.8% during 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 buying an additional 13,050 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of UFP Technologies by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 507,531 shares of the industrial products company's stock worth $81,941,000 after buying an additional 12,420 shares during the period. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UFP Technologies

In other news, 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 transaction of $61,111.50. Following the sale, the vice president now directly owns 5,643 shares in the company, valued at approximately $1,108,849.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO R Jeffrey Bailly sold 27,090 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Steve Cardin sold 311 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value of $61,111.50. Following the completion of the sale, the vice president now owns 5,643 shares in the company, valued at $1,108,849.50. The disclosure for this sale can be found here. Insiders have sold 31,125 shares of company stock worth $6,511,420 in the last ninety days. Company insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

UFP Technologies Stock Down 0.4 %

UFPT traded down $0.99 during mid-day trading on Friday, reaching $260.43. 39,071 shares of the stock were exchanged, compared to its average volume of 66,328. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 2.48. The stock has a market capitalization of $2.00 billion, a PE ratio of 41.87 and a beta of 0.90. The company has a 50 day moving average price of $228.66 and a two-hundred day moving average price of $190.77. UFP Technologies, Inc. has a 1 year low of $127.29 and a 1 year high of $268.34.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released 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 company had revenue of $101.50 million for 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%. As a group, research analysts anticipate that UFP Technologies, Inc. will post 6.19 EPS for the current year.

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.