5,196 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Acquired by Numerai GP LLC

Numerai GP LLC purchased a new position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,196 shares of the industrial products company's stock, valued at approximately $1,270,000. Numerai GP LLC owned approximately 0.07% of UFP Technologies as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UFPT. AlphaQuest LLC bought a new stake in shares of UFP Technologies in the 4th quarter worth about $25,000. Johnson Financial Group Inc. bought a new position in UFP Technologies during the 4th quarter valued at about $42,000. Venturi Wealth Management LLC bought a new position in UFP Technologies during the 4th quarter valued at about $74,000. EverSource Wealth Advisors LLC grew its holdings in UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 66 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in UFP Technologies in the 4th quarter valued at about $84,000. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Stock Performance

Shares of UFP Technologies stock traded up $9.63 during trading on Friday, hitting $253.30. 87,913 shares of the company's stock were exchanged, compared to its average volume of 84,557. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The business has a 50-day simple moving average of $211.73 and a 200-day simple moving average of $249.75. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $366.41. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 36.13 and a beta of 1.10.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.42. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The firm had revenue of $148.15 million during the quarter, compared to analysts' expectations of $139.93 million.

Insider Buying and Selling

In related news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the transaction, the director now directly owns 1,785 shares in the company, valued at approximately $407,711.85. The trade was a 79.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Christopher P. Litterio sold 1,473 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the transaction, the senior vice president now owns 12,585 shares in the company, valued at $2,770,210.20. The trade was a 10.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UFPT. Lake Street Capital set a $252.00 price target on shares of UFP Technologies and gave the stock a "buy" rating in a research report on Wednesday, May 7th. StockNews.com cut shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Finally, Raymond James assumed coverage on shares of UFP Technologies in a report on Friday, March 28th. They issued a "market perform" rating for the company.

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.