Ajo LP Takes $479,000 Position in UFP Technologies, Inc. (UFPT)
Ajo LP bought a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 16,917 shares of the industrial products company’s stock, valued at approximately $479,000. Ajo LP owned 0.23% of UFP Technologies as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. American International Group Inc. increased its holdings in UFP Technologies by 6.9% in the 1st quarter. American International Group Inc. now owns 3,939 shares of the industrial products company’s stock valued at $102,000 after buying an additional 255 shares during the period. Cubic Asset Management LLC increased its holdings in UFP Technologies by 1.4% in the 2nd quarter. Cubic Asset Management LLC now owns 42,999 shares of the industrial products company’s stock valued at $1,217,000 after buying an additional 605 shares during the period. Oxford Asset Management increased its holdings in UFP Technologies by 6.2% in the 1st quarter. Oxford Asset Management now owns 17,885 shares of the industrial products company’s stock valued at $463,000 after buying an additional 1,038 shares during the period. Bank of New York Mellon Corp increased its holdings in UFP Technologies by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 41,584 shares of the industrial products company’s stock valued at $1,077,000 after buying an additional 1,041 shares during the period. Finally, Wellington Management Group LLP increased its holdings in UFP Technologies by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 391,754 shares of the industrial products company’s stock valued at $10,146,000 after buying an additional 2,000 shares during the period. 68.21% of the stock is currently owned by hedge funds and other institutional investors.
UFP Technologies, Inc. (NASDAQ UFPT) opened at 28.05 on Friday. The company has a market capitalization of $203.84 million, a price-to-earnings ratio of 22.80 and a beta of 0.20. UFP Technologies, Inc. has a 12-month low of $22.95 and a 12-month high of $29.00. The firm has a 50-day moving average of $27.37 and a 200 day moving average of $26.88.
UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. UFP Technologies had a net margin of 6.03% and a return on equity of 6.86%. The firm had revenue of $37.89 million for the quarter, compared to the consensus estimate of $40.00 million. Analysts expect that UFP Technologies, Inc. will post $1.41 EPS for the current fiscal year.
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Separately, Zacks Investment Research lowered shares of UFP Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
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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