UFP Technologies, Inc. (NASDAQ:UFPT) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 55.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 178,411 shares of the industrial products company's stock after buying an additional 63,899 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 2.33% of UFP Technologies worth $43,625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in UFPT. Dark Forest Capital Management LP increased its holdings in UFP Technologies by 337.1% during the 4th quarter. Dark Forest Capital Management LP now owns 3,331 shares of the industrial products company's stock valued at $814,000 after acquiring an additional 2,569 shares in the last quarter. Stifel Financial Corp increased its stake in shares of UFP Technologies by 72.9% during the 4th 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. Tower Research Capital LLC TRC raised its position in shares of UFP Technologies by 263.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 922 shares of the industrial products company's stock worth $225,000 after purchasing an additional 668 shares during the last quarter. MetLife Investment Management LLC lifted its stake in UFP Technologies by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 4,440 shares of the industrial products company's stock valued at $1,086,000 after buying an additional 246 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in UFP Technologies by 13.3% during the 4th quarter. First Trust Advisors LP now owns 18,663 shares of the industrial products company's stock valued at $4,563,000 after buying an additional 2,190 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

Insider Activity

In related news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com cut UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Raymond James initiated coverage on shares of UFP Technologies in a report on Friday, March 28th. They issued a "market perform" rating on the stock.

UFP Technologies Trading Down 4.8 %

NASDAQ UFPT traded down $10.12 during mid-day trading on Friday, reaching $202.21. 118,579 shares of the stock were exchanged, compared to its average volume of 80,522. The stock has a market capitalization 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 business's fifty day simple moving average is $209.15 and its 200 day simple moving average is $253.16.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The business had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million.

UFP Technologies Profile

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.