American International Group Inc. increased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 6.9% during the first quarter, Holdings Channel reports. The fund owned 3,939 shares of the industrial products company’s stock after buying an additional 255 shares during the period. American International Group Inc.’s holdings in UFP Technologies were worth $102,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Oxford Asset Management increased its stake in UFP Technologies by 6.2% in the first quarter. Oxford Asset Management now owns 17,885 shares of the industrial products company’s stock worth $463,000 after buying an additional 1,038 shares during the last quarter. Bank of New York Mellon Corp increased its stake in UFP Technologies by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 41,584 shares of the industrial products company’s stock worth $1,077,000 after buying an additional 1,041 shares during the last quarter. Alambic Investment Management L.P. increased its stake in UFP Technologies by 39.0% in the first quarter. Alambic Investment Management L.P. now owns 29,431 shares of the industrial products company’s stock worth $762,000 after buying an additional 8,259 shares during the last quarter. State Street Corp increased its stake in UFP Technologies by 18.1% in the fourth quarter. State Street Corp now owns 86,401 shares of the industrial products company’s stock worth $2,201,000 after buying an additional 13,211 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in UFP Technologies by 21.4% in the first quarter. Russell Investments Group Ltd. now owns 97,391 shares of the industrial products company’s stock worth $2,522,000 after buying an additional 17,200 shares during the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.

Shares of UFP Technologies, Inc. (NASDAQ:UFPT) traded up 0.18% on Friday, reaching $27.95. 1,239 shares of the company’s stock were exchanged. The company has a market capitalization of $202.30 million, a P/E ratio of 22.72 and a beta of 0.18. The firm’s 50 day moving average price is $27.97 and its 200-day moving average price is $26.29. UFP Technologies, Inc. has a 12 month low of $22.79 and a 12 month high of $29.00.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. UFP Technologies had a return on equity of 6.94% and a net margin of 6.03%. The firm had revenue of $37.89 million for the quarter, compared to the consensus estimate of $40 million. On average, equities analysts anticipate that UFP Technologies, Inc. will post $1.39 EPS for the current year.

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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 17th. TheStreet raised shares of UFP Technologies from a “c+” rating to a “b” rating in a research report on Monday, May 1st.

UFP Technologies Company Profile

UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

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Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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