First National Advisers LLC Purchases Shares of 2,337 UFP Technologies, Inc. (NASDAQ:UFPT)

First National Advisers LLC purchased a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,337 shares of the industrial products company’s stock, valued at approximately $571,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Illinois Municipal Retirement Fund boosted its stake in shares of UFP Technologies by 1.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company’s stock worth $1,041,000 after buying an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 66 shares during the last quarter. Anchor Capital Advisors LLC lifted its stake in UFP Technologies by 1.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company’s stock valued at $1,108,000 after purchasing an additional 69 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in UFP Technologies by 1.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company’s stock valued at $1,435,000 after purchasing an additional 70 shares during the last quarter. Finally, KBC Group NV lifted its stake in UFP Technologies by 42.4% in the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Price Performance

UFP Technologies stock opened at $210.70 on Monday. The business’s 50 day simple moving average is $250.44 and its 200 day simple moving average is $281.64. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies, Inc. has a 12 month low of $188.50 and a 12 month high of $366.41. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 30.06 and a beta of 1.15.

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

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the sale, the director now owns 1,785 shares of the company’s stock, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.