UFP Technologies, Inc. (NASDAQ:UFPT) Holdings Lifted by Marshall Wace LLP

Marshall Wace LLP raised its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT - Free Report) by 123.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,985 shares of the industrial products company's stock after acquiring an additional 12,134 shares during the quarter. Marshall Wace LLP owned approximately 0.29% of UFP Technologies worth $5,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in shares of UFP Technologies during the 4th quarter worth approximately $25,000. Venturi Wealth Management LLC acquired a new position in shares of UFP Technologies in the fourth quarter worth $74,000. EverSource Wealth Advisors LLC grew its holdings in shares of UFP Technologies by 24.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company's stock worth $81,000 after buying an additional 66 shares in the last quarter. KBC Group NV boosted its stake in UFP Technologies by 37.9% in 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 last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of UFP Technologies by 110.4% in the 4th 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 last quarter. Institutional investors and hedge funds own 87.28% of the company's stock.

UFP Technologies Stock Up 0.5 %

Shares of UFPT traded up $0.98 during midday trading on Tuesday, reaching $210.78. 13,316 shares of the company were exchanged, compared to its average volume of 79,978. 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 1-year low of $178.26 and a 1-year high of $366.41. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 30.12 and a beta of 1.08. The stock has a 50-day moving average price of $212.98 and a 200-day moving average price of $255.70.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Daniel C. Croteau sold 6,846 shares of the firm's 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.17% of the stock is currently owned by company insiders.

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.