Wasatch Advisors LP Increases Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Wasatch Advisors LP grew its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 37.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,691 shares of the industrial products company's stock after purchasing an additional 156,142 shares during the quarter. Wasatch Advisors LP owned approximately 7.52% of UFP Technologies worth $141,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in UFP Technologies by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company's stock worth $9,562,000 after buying an additional 1,444 shares during the period. Jane Street Group LLC grew its holdings in shares of UFP Technologies by 32.2% during the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company's stock worth $3,668,000 after buying an additional 2,822 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of UFP Technologies by 340.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company's stock valued at $9,610,000 after acquiring an additional 30,372 shares in the last quarter. Raymond James Financial Inc. purchased a new position in UFP Technologies in the fourth quarter worth $16,808,000. Finally, Mesirow Financial Investment Management Inc. boosted its stake in shares of UFP Technologies by 102.3% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 3,170 shares of the industrial products company's stock worth $775,000 after acquiring an additional 1,603 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company's stock.

UFP Technologies Price Performance

Shares of NASDAQ UFPT traded down $3.35 during mid-day trading on Monday, hitting $207.71. 26,946 shares of the stock were exchanged, compared to its average volume of 78,772. The company has a market cap of $1.60 billion, a P/E ratio of 29.63 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. The stock's fifty day simple moving average is $218.76 and its two-hundred day simple moving average is $259.35. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41.

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

Insider Activity

In other news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction dated 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 transaction, the director now owns 1,785 shares in the company, valued at $407,711.85. This trade 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 at the SEC website. 6.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UFPT has been the topic of several recent analyst reports. StockNews.com lowered shares of 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 research note on Friday, March 28th. They set a "market perform" rating on the stock.

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.