Nebula Research & Development LLC acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,896 shares of the industrial products company's stock, valued at approximately $464,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lord Abbett & CO. LLC raised its stake in shares of UFP Technologies by 8.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 69,043 shares of the industrial products company's stock valued at $16,882,000 after acquiring an additional 5,243 shares during the period. Price T Rowe Associates Inc. MD raised its position in UFP Technologies by 55.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 178,411 shares of the industrial products company's stock valued at $43,625,000 after purchasing an additional 63,899 shares during the period. Dark Forest Capital Management LP raised its position in UFP Technologies by 337.1% in the fourth quarter. Dark Forest Capital Management LP now owns 3,331 shares of the industrial products company's stock valued at $814,000 after purchasing an additional 2,569 shares during the period. Stifel Financial Corp lifted its stake in UFP Technologies by 72.9% during the fourth quarter. Stifel Financial Corp now owns 4,976 shares of the industrial products company's stock worth $1,217,000 after purchasing an additional 2,098 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of UFP Technologies by 263.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 922 shares of the industrial products company's stock worth $225,000 after buying an additional 668 shares during the period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. StockNews.com lowered UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd. Raymond James initiated coverage on shares of UFP Technologies in a research report on Friday, March 28th. They set a "market perform" rating on the stock.
Read Our Latest Analysis on UFPT
UFP Technologies Stock Down 4.8 %
Shares of UFP Technologies stock traded down $10.12 during trading hours on Friday, reaching $202.21. 118,579 shares of the company were exchanged, compared to its average volume of 80,522. The firm has a market cap of $1.55 billion, a PE ratio of 28.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $366.41. The stock's fifty day moving average is $209.15 and its 200 day moving average is $253.16.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.45. The company had revenue of $144.07 million for the quarter, compared to the consensus estimate of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.
Insider Activity at UFP Technologies
In other news, Director Daniel C. Croteau sold 6,846 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares in the company, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.17% of the stock is owned by corporate insiders.
About UFP Technologies
(
Free Report)
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.
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