HealthInvest Partners AB Raises Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

HealthInvest Partners AB boosted its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 28.3% in the fourth quarter, HoldingsChannel reports. The firm owned 23,159 shares of the industrial products company’s stock after acquiring an additional 5,111 shares during the period. UFP Technologies makes up approximately 2.6% of HealthInvest Partners AB’s holdings, making the stock its 14th largest holding. HealthInvest Partners AB’s holdings in UFP Technologies were worth $5,663,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of UFP Technologies in the 3rd quarter worth $56,000. Venturi Wealth Management LLC purchased a new position in UFP Technologies in the fourth quarter worth about $74,000. KBC Group NV grew its stake in shares of UFP Technologies by 42.4% during the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 81 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in shares of UFP Technologies by 97.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 133 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of UFP Technologies by 110.4% in the 4th quarter. Principal Securities Inc. now owns 444 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 233 shares during the period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

UFP Technologies Price Performance

NASDAQ UFPT opened at $254.56 on Monday. The business’s fifty day moving average is $257.90 and its 200 day moving average is $292.21. UFP Technologies, Inc. has a fifty-two week low of $188.50 and a fifty-two week high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The company has a market capitalization of $1.95 billion, a PE ratio of 36.31 and a beta of 1.04.

UFP Technologies Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.