Quantbot Technologies LP Buys 2,779 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Quantbot Technologies LP grew its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 2,028.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,916 shares of the industrial products company’s stock after buying an additional 2,779 shares during the period. Quantbot Technologies LP’s holdings in UFP Technologies were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC bought a new stake in UFP Technologies during the 4th quarter worth approximately $25,000. Truvestments Capital LLC purchased a new stake in shares of UFP Technologies in the third quarter worth $56,000. Venturi Wealth Management LLC bought a new stake in UFP Technologies during the fourth quarter valued at $74,000. EverSource Wealth Advisors LLC grew its position in UFP Technologies by 24.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock worth $81,000 after buying an additional 66 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in UFP Technologies by 97.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 133 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Stock Performance

NASDAQ UFPT opened at $203.53 on Thursday. UFP Technologies, Inc. has a 52-week low of $198.10 and a 52-week high of $366.41. The company has a fifty day moving average of $244.44 and a 200-day moving average of $275.14. The company has a market capitalization of $1.56 billion, a P/E ratio of 29.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

About UFP Technologies

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.