UFP Technologies, Inc. (NASDAQ:UFPT) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC grew its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,229 shares of the industrial products company’s stock after acquiring an additional 791 shares during the period. UFP Technologies accounts for 1.2% of Legato Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Legato Capital Management LLC’s holdings in UFP Technologies were worth $8,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UFPT. Peterson Wealth Services raised its position in UFP Technologies by 4.1% in the 4th quarter. Peterson Wealth Services now owns 4,099 shares of the industrial products company’s stock valued at $1,002,000 after purchasing an additional 163 shares during the last quarter. Guidance Capital Inc. acquired a new stake in shares of UFP Technologies in the fourth quarter valued at $453,000. Boston Trust Walden Corp bought a new position in shares of UFP Technologies in the fourth quarter valued at about $26,395,000. Swedbank AB lifted its position in UFP Technologies by 33.3% during the 4th quarter. Swedbank AB now owns 80,000 shares of the industrial products company’s stock worth $19,561,000 after buying an additional 20,000 shares in the last quarter. Finally, KBC Group NV grew its holdings in UFP Technologies by 37.9% during the 4th quarter. KBC Group NV now owns 375 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 103 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Stock Up 0.0 %

Shares of UFPT opened at $261.97 on Wednesday. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 37.37 and a beta of 1.04. UFP Technologies, Inc. has a 52 week low of $167.71 and a 52 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 business’s fifty day moving average price is $262.91 and its two-hundred day moving average price is $295.82.

Wall Street Analyst Weigh In

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

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.