Trexquant Investment LP Invests $298,000 in UFP Technologies, Inc. (NASDAQ:UFPT)

Trexquant Investment LP acquired a new position in UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,220 shares of the industrial products company's stock, valued at approximately $298,000.

Several other large investors have also recently bought and sold shares of UFPT. AlphaQuest LLC acquired a new position in shares of UFP Technologies during the fourth quarter valued at $25,000. Venturi Wealth Management LLC acquired a new position in UFP Technologies during the 4th quarter valued at about $74,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 during the last quarter. KBC Group NV grew its position 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 worth $92,000 after buying an additional 103 shares during the period. Finally, Principal Securities Inc. raised its stake in shares of UFP Technologies by 110.4% during the fourth quarter. Principal Securities Inc. now owns 444 shares of the industrial products company's stock worth $109,000 after buying an additional 233 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

UFP Technologies Trading Up 2.7 %

Shares of UFPT stock traded up $5.61 on Friday, reaching $211.06. The company had a trading volume of 69,414 shares, compared to its average volume of 78,977. The stock has a market cap of $1.62 billion, a PE ratio of 30.11 and a beta of 1.08. The company has a 50-day moving average of $218.76 and a 200-day moving average of $259.90. 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 12 month low of $178.26 and a 12 month high of $366.41.

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

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the stock in a transaction dated Thursday, February 27th. The stock was 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 $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.