Simplex Trading LLC Decreases Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Simplex Trading LLC reduced its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 97.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154 shares of the industrial products company's stock after selling 4,971 shares during the quarter. Simplex Trading LLC's holdings in UFP Technologies were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Federated Hermes Inc. raised its stake in shares of UFP Technologies by 98.6% during 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. DekaBank Deutsche Girozentrale acquired a new stake in UFP Technologies in the third quarter valued at $87,000. Peterson Wealth Services bought a new position in shares of UFP Technologies in the 4th quarter valued at about $204,000. Mutual of America Capital Management LLC acquired a new position in shares of UFP Technologies during the 4th quarter worth about $212,000. Finally, Everence Capital Management Inc. bought a new stake in shares of UFP Technologies in the 4th quarter valued at about $236,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other UFP Technologies news, SVP Christopher P. Litterio sold 2,000 shares of UFP Technologies stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total value of $417,300.00. Following the completion of the transaction, the senior vice president now directly owns 14,334 shares of the company's stock, valued at approximately $2,990,789.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Steve Cardin sold 311 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total transaction of $61,111.50. Following the sale, the vice president now 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 accessible through this hyperlink. Also, SVP Christopher P. Litterio sold 2,000 shares of UFP Technologies stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $208.65, for a total transaction of $417,300.00. Following the completion of the transaction, the senior vice president now directly owns 14,334 shares in the company, valued at $2,990,789.10. The disclosure for this sale can be found here. Insiders have sold 31,125 shares of company stock valued at $6,511,420 over the last 90 days. 7.80% of the stock is owned by corporate insiders.

UFP Technologies Stock Performance

UFPT stock traded down $1.67 during trading hours on Friday, hitting $259.75. 28,959 shares of the stock were exchanged, compared to its average volume of 63,117. The company has a 50-day simple moving average of $232.88 and a two-hundred day simple moving average of $193.79. The firm has a market capitalization of $1.99 billion, a P/E ratio of 41.76 and a beta of 0.90. UFP Technologies, Inc. has a 12 month low of $127.29 and a 12 month high of $268.34. The company has a current ratio of 2.87, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.41. UFP Technologies had a net margin of 11.75% and a return on equity of 17.40%. The firm had revenue of $101.50 million during the quarter, compared to the consensus estimate of $94.80 million. On average, analysts forecast that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.