11,700 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Purchased by First Republic Investment Management Inc.

First Republic Investment Management Inc. bought a new position in UFP Technologies, Inc. (NASDAQ:UFPTGet Rating) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,700 shares of the industrial products company’s stock, valued at approximately $822,000. First Republic Investment Management Inc. owned about 0.16% of UFP Technologies as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. boosted its position in UFP Technologies by 110.8% in the third quarter. Citigroup Inc. now owns 862 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 453 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of UFP Technologies in the third quarter valued at $57,000. BNP Paribas Arbitrage SA lifted its position in shares of UFP Technologies by 188.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,507 shares of the industrial products company’s stock valued at $93,000 after buying an additional 984 shares during the last quarter. Annex Advisory Services LLC purchased a new position in shares of UFP Technologies during the 4th quarter valued at $216,000. Finally, Beaton Management Co. Inc. bought a new position in shares of UFP Technologies during the 4th quarter worth $217,000. 86.06% of the stock is owned by institutional investors.

A number of brokerages have weighed in on UFPT. Colliers Securities reiterated a “buy” rating on shares of UFP Technologies in a research report on Tuesday, March 22nd. StockNews.com started coverage on shares of UFP Technologies in a report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Zacks Investment Research lowered shares of UFP Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 15th.

UFPT stock opened at $74.09 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.52 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $560.27 million, a PE ratio of 33.99 and a beta of 0.88. UFP Technologies, Inc. has a twelve month low of $53.49 and a twelve month high of $76.01. The stock has a 50-day simple moving average of $67.53 and a two-hundred day simple moving average of $68.82.

UFP Technologies (NASDAQ:UFPTGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.19. UFP Technologies had a net margin of 7.24% and a return on equity of 8.82%.

UFP Technologies Company Profile (Get Rating)

UFP Technologies, Inc designs and custom manufactures components, subassemblies, products, and packaging utilizing specialized foams, films, and plastics primarily for the medical market. Its single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.

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

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