Two Sigma Investments LP decreased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 22.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,695 shares of the industrial products company’s stock after selling 4,182 shares during the quarter. Two Sigma Investments LP’s holdings in UFP Technologies were worth $409,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Cove Street Capital LLC lifted its holdings in UFP Technologies by 6.1% in the fourth quarter. Cove Street Capital LLC now owns 613,130 shares of the industrial products company’s stock valued at $17,045,000 after acquiring an additional 35,150 shares during the period. Renaissance Technologies LLC increased its position in UFP Technologies by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 563,000 shares of the industrial products company’s stock worth $15,651,000 after buying an additional 6,600 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its position in UFP Technologies by 1.9% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 442,531 shares of the industrial products company’s stock worth $12,302,000 after buying an additional 8,419 shares in the last quarter. BlackRock Inc. increased its position in UFP Technologies by 2.2% in the fourth quarter. BlackRock Inc. now owns 314,787 shares of the industrial products company’s stock worth $8,752,000 after buying an additional 6,801 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in UFP Technologies by 13.2% in the third quarter. Dimensional Fund Advisors LP now owns 168,432 shares of the industrial products company’s stock worth $4,733,000 after buying an additional 19,602 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

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Shares of UFPT opened at $31.65 on Tuesday. The stock has a market capitalization of $233.36, a price-to-earnings ratio of 25.32 and a beta of 0.11. UFP Technologies, Inc. has a 52 week low of $25.05 and a 52 week high of $32.55.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Thursday, March 1st. The industrial products company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. The business had revenue of $37.22 million during the quarter, compared to analysts’ expectations of $36.00 million. UFP Technologies had a return on equity of 7.70% and a net margin of 6.23%. sell-side analysts expect that UFP Technologies, Inc. will post 1.78 EPS for the current year.

In related news, VP W David Smith sold 1,345 shares of the stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $31.12, for a total transaction of $41,856.40. Following the completion of the sale, the vice president now owns 13,896 shares in the company, valued at $432,443.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,345 shares of company stock valued at $73,881 in the last quarter. 13.30% of the stock is currently owned by company insiders.

Separately, Zacks Investment Research upgraded UFP Technologies from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Friday, April 6th.

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

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