UFP Technologies, Inc. $UFPT Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 67.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,549 shares of the industrial products company’s stock after selling 3,173 shares during the quarter. SG Americas Securities LLC’s holdings in UFP Technologies were worth $300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in UFP Technologies during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its stake in UFP Technologies by 1,500.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 165 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in UFP Technologies in the second quarter valued at approximately $49,000. Caitong International Asset Management Co. Ltd purchased a new position in UFP Technologies in the third quarter valued at approximately $51,000. Finally, PNC Financial Services Group Inc. raised its holdings in UFP Technologies by 66.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Buying and Selling at UFP Technologies

In related news, Director Daniel C. Croteau sold 2,864 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total transaction of $634,977.44. Following the transaction, the director owned 855 shares of the company’s stock, valued at $189,562.05. This trade represents a 77.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Cynthia L. Feldmann sold 1,200 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $239.29, for a total value of $287,148.00. Following the completion of the transaction, the director owned 5,476 shares in the company, valued at $1,310,352.04. This trade represents a 17.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.59% of the company’s stock.

UFP Technologies Stock Down 5.1%

UFP Technologies stock opened at $236.91 on Friday. UFP Technologies, Inc. has a fifty-two week low of $173.86 and a fifty-two week high of $279.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91. The company has a market capitalization of $1.83 billion, a P/E ratio of 26.89 and a beta of 1.07. The stock has a 50-day simple moving average of $233.89 and a 200-day simple moving average of $227.59.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. The firm had revenue of $154.20 million during the quarter, compared to analysts’ expectations of $154.78 million. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.47 EPS. Equities research analysts expect that UFP Technologies, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $289.00.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.