EFG Asset Management North America Corp. Has $2.09 Million Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

EFG Asset Management North America Corp. increased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 58.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,537 shares of the industrial products company’s stock after purchasing an additional 3,155 shares during the period. EFG Asset Management North America Corp. owned approximately 0.11% of UFP Technologies worth $2,089,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of UFP Technologies by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company’s stock worth $136,309,000 after buying an additional 17,356 shares in the last quarter. Wasatch Advisors LP grew its holdings in UFP Technologies by 65.4% in the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock worth $133,188,000 after purchasing an additional 166,262 shares during the period. State Street Corp increased its stake in UFP Technologies by 1.4% in the third quarter. State Street Corp now owns 283,460 shares of the industrial products company’s stock valued at $89,772,000 after purchasing an additional 4,007 shares in the last quarter. Congress Asset Management Co. raised its holdings in shares of UFP Technologies by 14.2% during the fourth quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company’s stock valued at $68,787,000 after purchasing an additional 35,022 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of UFP Technologies by 2.0% during the third quarter. Geode Capital Management LLC now owns 172,996 shares of the industrial products company’s stock valued at $54,799,000 after purchasing an additional 3,333 shares during the period. 87.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the sale, the director now directly owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

UFP Technologies Price Performance

Shares of NASDAQ:UFPT opened at $209.66 on Wednesday. UFP Technologies, Inc. has a twelve month low of $198.10 and a twelve month high of $366.41. The stock’s 50 day moving average is $245.47 and its 200-day moving average is $275.64. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 29.91 and a beta of 1.15.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.45. The business had revenue of $144.07 million during the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

UFP Technologies Company 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.