GW&K Investment Management LLC Lowers Position in UFP Technologies, Inc. (NASDAQ:UFPT)

GW&K Investment Management LLC lowered its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,928 shares of the industrial products company’s stock after selling 5,805 shares during the quarter. GW&K Investment Management LLC owned 1.81% of UFP Technologies worth $23,729,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UFPT. Navellier & Associates Inc. grew its stake in shares of UFP Technologies by 37.8% in the 4th quarter. Navellier & Associates Inc. now owns 9,527 shares of the industrial products company’s stock worth $1,639,000 after acquiring an additional 2,614 shares in the last quarter. Moran Wealth Management LLC boosted its holdings in UFP Technologies by 3.8% in the 4th quarter. Moran Wealth Management LLC now owns 2,165 shares of the industrial products company’s stock worth $372,000 after buying an additional 80 shares during the period. Principal Securities Inc. bought a new stake in shares of UFP Technologies during the 4th quarter valued at $28,000. Geneva Capital Management LLC lifted its holdings in shares of UFP Technologies by 72.5% in the fourth quarter. Geneva Capital Management LLC now owns 82,385 shares of the industrial products company’s stock worth $14,174,000 after buying an additional 34,622 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in UFP Technologies by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,004 shares of the industrial products company’s stock valued at $10,151,000 after purchasing an additional 1,934 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Price Performance

NASDAQ:UFPT traded down $4.45 during mid-day trading on Wednesday, reaching $258.13. The stock had a trading volume of 5,011 shares, compared to its average volume of 62,069. The stock has a market capitalization of $1.98 billion, a P/E ratio of 42.22 and a beta of 0.90. The firm has a 50 day moving average price of $235.37 and a two-hundred day moving average price of $196.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 2.87. UFP Technologies, Inc. has a one year low of $127.29 and a one year high of $268.34.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter. The company had revenue of $105.01 million during the quarter. UFP Technologies had a net margin of 11.75% and a return on equity of 17.40%. As a group, analysts expect that UFP Technologies, Inc. will post 6.19 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. KeyCorp initiated coverage on UFP Technologies in a research report on Tuesday, February 6th. They set a “sector weight” rating for the company. StockNews.com raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, CJS Securities began coverage on shares of UFP Technologies in a report on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price target on the stock.

Insider Transactions at UFP Technologies

In related news, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total transaction of $61,111.50. Following the transaction, the vice president now directly owns 5,643 shares in the company, valued at approximately $1,108,849.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Cynthia L. Feldmann sold 1,724 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $207.77, for a total value of $358,195.48. Following the sale, the director now directly owns 4,466 shares of the company’s stock, valued at $927,900.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Steve Cardin sold 311 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total value of $61,111.50. Following the completion of the sale, the vice president now owns 5,643 shares of the company’s stock, valued at approximately $1,108,849.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,125 shares of company stock worth $6,511,420. Company insiders own 6.17% of the company’s stock.

UFP Technologies 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.