BNP Paribas Financial Markets boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,270 shares of the industrial products company's stock after purchasing an additional 2,428 shares during the quarter. BNP Paribas Financial Markets owned about 0.13% of UFP Technologies worth $2,511,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UFPT. AlphaQuest LLC acquired a new position in shares of UFP Technologies in the fourth quarter valued at $25,000. Johnson Financial Group Inc. acquired a new position in shares of UFP Technologies in the 4th quarter valued at $42,000. Venturi Wealth Management LLC acquired a new position in shares of UFP Technologies in the 4th quarter valued at $74,000. EverSource Wealth Advisors LLC lifted its holdings in shares of UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after acquiring an additional 66 shares during the period. Finally, KBC Group NV boosted 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 valued at $92,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.
UFP Technologies Price Performance
UFPT traded up $0.09 during trading on Thursday, hitting $229.29. The company's stock had a trading volume of 12,131 shares, compared to its average volume of 85,742. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 32.83 and a beta of 1.10. The firm's 50 day moving average price is $213.34 and its two-hundred day moving average price is $249.04. 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 announced its earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.42. The company had revenue of $148.15 million during the quarter, compared to analyst estimates 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 UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the stock in a transaction on 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher P. Litterio sold 1,473 shares of the business's 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 sale, the senior vice president now owns 12,585 shares of the company's stock, valued at approximately $2,770,210.20. The trade was a 10.48% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.40% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on UFPT. Lake Street Capital set a $252.00 price objective on UFP Technologies and gave the stock a "buy" rating in a research note on Wednesday, May 7th. StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Finally, Raymond James initiated coverage on shares of UFP Technologies in a report on Friday, March 28th. They set a "market perform" rating for the company.
Check Out Our Latest Stock Report on UFP Technologies
UFP Technologies Profile
(
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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