Diversify Advisory Services LLC Acquires New Shares in UFP Technologies, Inc. $UFPT

Diversify Advisory Services LLC acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 10,009 shares of the industrial products company’s stock, valued at approximately $2,489,000.

A number of other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of UFP Technologies in the fourth quarter valued at $28,000. Versant Capital Management Inc boosted its position in shares of UFP Technologies by 1,291.7% in the 2nd quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock worth $44,000 after buying an additional 155 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in UFP Technologies by 1,500.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 165 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in UFP Technologies in the 2nd quarter valued at about $49,000. Finally, PNC Financial Services Group Inc. grew its stake in UFP Technologies by 66.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 94 shares during the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UFPT has been the subject of a number of research reports. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

UFP Technologies Stock Down 2.3%

Shares of NASDAQ:UFPT opened at $313.99 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.43 billion, a P/E ratio of 33.84 and a beta of 1.08. UFP Technologies, Inc. has a 52-week low of $173.86 and a 52-week high of $338.71. The stock’s fifty day simple moving average is $263.98 and its 200-day simple moving average is $233.23.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The firm had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $159.38 million. As a group, equities research analysts forecast that UFP Technologies, Inc. will post 10.54 earnings per share for the current fiscal year.

Insider Buying and Selling at UFP Technologies

In other news, Director Cynthia L. Feldmann sold 1,200 shares of UFP Technologies stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $239.29, for a total transaction of $287,148.00. Following the completion of the sale, the director directly owned 5,476 shares in the company, valued at $1,310,352.04. The trade was a 17.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Symeria Hudson sold 1,926 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $324.58, for a total transaction of $625,141.08. Following the completion of the transaction, the director directly owned 1,225 shares of the company’s stock, valued at approximately $397,610.50. This represents a 61.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 19,821 shares of company stock worth $6,233,637. Corporate insiders own 4.59% of the company’s stock.

About UFP Technologies

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.