First Trust Advisors LP Buys 2,190 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

First Trust Advisors LP boosted its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,663 shares of the industrial products company's stock after acquiring an additional 2,190 shares during the period. First Trust Advisors LP owned 0.24% of UFP Technologies worth $4,563,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alpha DNA Investment Management LLC bought a new stake in UFP Technologies during the 4th quarter valued at about $428,000. Canada Pension Plan Investment Board raised its holdings in UFP Technologies by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $122,000 after acquiring an additional 100 shares during the last quarter. Marshall Wace LLP boosted its stake in UFP Technologies by 123.2% during the 4th quarter. Marshall Wace LLP now owns 21,985 shares of the industrial products company's stock valued at $5,376,000 after purchasing an additional 12,134 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of UFP Technologies by 37.1% in the 4th quarter. Wasatch Advisors LP now owns 576,691 shares of the industrial products company's stock worth $141,007,000 after purchasing an additional 156,142 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of UFP Technologies in the fourth quarter worth $2,763,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at UFP Technologies

In related news, 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 transaction of $1,563,694.86. Following the sale, the director now owns 1,785 shares of the company's stock, valued at $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.17% of the company's stock.

Analyst Upgrades and Downgrades

UFPT has been the subject of several research analyst reports. StockNews.com downgraded UFP Technologies from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd. Raymond James began coverage on shares of UFP Technologies in a report on Friday, March 28th. They issued a "market perform" rating on the stock.

UFP Technologies Stock Performance

Shares of UFPT stock traded up $15.06 during mid-day trading on Tuesday, reaching $212.48. 118,820 shares of the company's stock traded hands, compared to its average volume of 82,138. UFP Technologies, Inc. has a 12 month low of $178.26 and a 12 month high of $366.41. The firm has a 50 day moving average price of $208.38 and a two-hundred day moving average price of $252.04. The firm has a market capitalization of $1.63 billion, a PE ratio of 30.18 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 (NASDAQ:UFPT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.46. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

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.