New York State Common Retirement Fund Boosts Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

New York State Common Retirement Fund increased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,500 shares of the industrial products company’s stock after buying an additional 9,804 shares during the quarter. New York State Common Retirement Fund owned 0.89% of UFP Technologies worth $16,749,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in UFP Technologies during the third quarter valued at approximately $56,000. Venturi Wealth Management LLC purchased a new position in shares of UFP Technologies in the fourth quarter worth $74,000. KBC Group NV lifted its holdings in shares of UFP Technologies by 42.4% in the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after buying an additional 81 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of UFP Technologies by 97.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock worth $86,000 after buying an additional 133 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of UFP Technologies by 110.4% in the fourth quarter. Principal Securities Inc. now owns 444 shares of the industrial products company’s stock worth $109,000 after buying an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

UFP Technologies Trading Down 4.7 %

Shares of UFPT opened at $254.56 on Friday. The company’s fifty day moving average is $257.90 and its 200 day moving average is $292.26. UFP Technologies, Inc. has a fifty-two week low of $188.50 and a fifty-two week high of $366.41. The stock has a market capitalization of $1.95 billion, a PE ratio of 36.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

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.