Diamond Hill Capital Management Inc. Has $3.23 Million Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Diamond Hill Capital Management Inc. decreased its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,192 shares of the industrial products company’s stock after selling 2,472 shares during the period. Diamond Hill Capital Management Inc. owned about 0.17% of UFP Technologies worth $3,226,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. AlphaQuest LLC acquired a new position in shares of UFP Technologies in the 4th quarter valued at about $25,000. Truvestments Capital LLC bought a new stake in shares of UFP Technologies in the 3rd quarter valued at approximately $56,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of UFP Technologies by 97.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock valued at $86,000 after buying an additional 133 shares in the last quarter. KBC Group NV grew its stake in shares of UFP Technologies by 42.4% in the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock valued at $86,000 after buying an additional 81 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of UFP Technologies in the 4th quarter valued at approximately $74,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel C. Croteau sold 6,846 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the sale, the director now directly owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.17% of the company’s stock.

UFP Technologies Trading Up 0.5 %

Shares of NASDAQ UFPT opened at $210.70 on Friday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 30.06 and a beta of 1.15. The business has a 50 day simple moving average of $250.44 and a 200 day simple moving average of $282.36. UFP Technologies, Inc. has a 52 week low of $188.50 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.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.45. The firm had revenue of $144.07 million during the quarter, compared to analysts’ expectations of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Wall Street Analyst Weigh In

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

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.