UFP Technologies, Inc. (NASDAQ:UFPT) Stock Position Raised by Stifel Financial Corp

Stifel Financial Corp lifted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 72.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,976 shares of the industrial products company's stock after acquiring an additional 2,098 shares during the quarter. Stifel Financial Corp owned 0.06% of UFP Technologies worth $1,217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC acquired a new stake in shares of UFP Technologies during the 4th quarter worth about $25,000. Venturi Wealth Management LLC acquired a new position in UFP Technologies during the fourth quarter valued at approximately $74,000. EverSource Wealth Advisors LLC increased its holdings in UFP Technologies by 24.7% in 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 in the last quarter. KBC Group NV raised its holdings in shares of UFP Technologies by 37.9% during the 4th quarter. KBC Group NV now owns 375 shares of the industrial products company's stock valued at $92,000 after buying an additional 103 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of UFP Technologies by 110.4% in the fourth quarter. Principal Securities Inc. now owns 444 shares of the industrial products company's stock valued at $109,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 87.28% of the company's stock.

Analyst Upgrades and Downgrades

UFPT has been the topic of a number of recent analyst reports. Raymond James started coverage on UFP Technologies in a research report on Friday, March 28th. They issued a "market perform" rating on the stock. StockNews.com cut shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Finally, Lake Street Capital set a $252.00 target price on shares of UFP Technologies and gave the stock a "buy" rating in a research report on Wednesday, May 7th.

UFP Technologies Stock Performance

UFP Technologies stock traded up $4.05 during mid-day trading on Tuesday, reaching $248.27. The company's stock had a trading volume of 99,212 shares, compared to its average volume of 83,513. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The business has a 50 day moving average price of $209.39 and a 200-day moving average price of $250.30. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 35.42 and a beta of 1.10.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $148.15 million during the quarter, compared to the consensus estimate of $139.93 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Insider Buying and Selling at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,473 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total value of $324,236.76. Following the completion of the sale, the senior vice president now owns 12,585 shares in the company, valued at $2,770,210.20. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel C. Croteau sold 6,846 shares of the company'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 transaction, the director now directly owns 1,785 shares in the company, valued at $407,711.85. The trade was a 79.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.17% of the stock is currently owned by corporate insiders.

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.