Ramsey Quantitative Systems Invests $110,000 in UFP Technologies, Inc. (UFPT) Stock

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Ramsey Quantitative Systems bought a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 3,002 shares of the industrial products company’s stock, valued at approximately $110,000.

Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in UFP Technologies by 137.0% during the second quarter. Acadian Asset Management LLC now owns 7,337 shares of the industrial products company’s stock valued at $227,000 after purchasing an additional 4,241 shares during the period. First Trust Advisors LP acquired a new position in shares of UFP Technologies in the second quarter valued at approximately $231,000. Quantum Capital Management boosted its holdings in shares of UFP Technologies by 24.6% in the second quarter. Quantum Capital Management now owns 31,989 shares of the industrial products company’s stock valued at $987,000 after buying an additional 6,312 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of UFP Technologies in the second quarter valued at approximately $1,398,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of UFP Technologies by 19.2% in the second quarter. Bank of New York Mellon Corp now owns 60,195 shares of the industrial products company’s stock valued at $1,857,000 after buying an additional 9,696 shares during the period. 68.61% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of UFP Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 31st. ValuEngine upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. BidaskClub upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Finally, Taglich Brothers restated a “buy” rating on shares of UFP Technologies in a report on Wednesday, August 29th.

NASDAQ UFPT traded down $0.75 on Friday, hitting $33.01. 14,043 shares of the stock were exchanged, compared to its average volume of 10,906. The company has a current ratio of 2.83, a quick ratio of 1.91 and a debt-to-equity ratio of 0.28. UFP Technologies, Inc. has a 52 week low of $26.00 and a 52 week high of $39.98. The firm has a market capitalization of $249.64 million, a P/E ratio of 26.41 and a beta of 0.12.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The firm had revenue of $47.81 million for the quarter, compared to analyst estimates of $49.80 million. UFP Technologies had a net margin of 7.13% and a return on equity of 10.93%. On average, research analysts anticipate that UFP Technologies, Inc. will post 2.12 EPS for the current fiscal year.

In other news, CFO Ronald J. Lataille sold 10,548 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $36.04, for a total value of $380,149.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider R Jeffrey Bailly sold 2,194 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $36.45, for a total transaction of $79,971.30. Following the completion of the transaction, the insider now owns 508,901 shares in the company, valued at $18,549,441.45. The disclosure for this sale can be found here. Insiders sold 57,319 shares of company stock worth $2,044,353 over the last three months. Insiders own 12.30% of the company’s stock.

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About UFP Technologies

UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.

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Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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