UFP Technologies, Inc. (UFPT) Shares Sold by 22Nw LP
22Nw LP lessened its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 54.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,491 shares of the industrial products company’s stock after selling 17,037 shares during the quarter. 22Nw LP owned approximately 0.20% of UFP Technologies worth $407,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. American International Group Inc. grew its position 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 acquiring an additional 255 shares during the last quarter. Acadian Asset Management LLC bought a new position in UFP Technologies in the 2nd quarter valued at $112,000. Macquarie Group Ltd. bought a new position in UFP Technologies in the 3rd quarter valued at $128,000. New York State Common Retirement Fund grew its position in UFP Technologies by 559.1% in the 2nd quarter. New York State Common Retirement Fund now owns 6,598 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 5,597 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in UFP Technologies by 21.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,998 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 1,237 shares during the last quarter. 69.08% of the stock is currently owned by institutional investors.
UFP Technologies, Inc. (UFPT) opened at $28.25 on Wednesday. The company has a market capitalization of $199.13, a price-to-earnings ratio of 25.14 and a beta of 0.12. UFP Technologies, Inc. has a 12-month low of $22.95 and a 12-month high of $31.50.
UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.13). The business had revenue of $35.68 million during the quarter, compared to the consensus estimate of $38.70 million. UFP Technologies had a net margin of 5.43% and a return on equity of 6.83%. equities analysts predict that UFP Technologies, Inc. will post 1.12 earnings per share for the current year.
Separately, Zacks Investment Research downgraded UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th.
UFP Technologies 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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