Quadrature Capital Ltd Purchases New Holdings in UFP Technologies, Inc. $UFPT

Quadrature Capital Ltd purchased a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,153 shares of the industrial products company’s stock, valued at approximately $1,014,000. Quadrature Capital Ltd owned approximately 0.05% of UFP Technologies at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in UFPT. Avantax Advisory Services Inc. boosted its stake in shares of UFP Technologies by 78.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,536 shares of the industrial products company’s stock valued at $310,000 after buying an additional 674 shares during the period. Cetera Investment Advisers raised its holdings in shares of UFP Technologies by 240.5% during the first quarter. Cetera Investment Advisers now owns 4,737 shares of the industrial products company’s stock worth $956,000 after acquiring an additional 3,346 shares in the last quarter. LPL Financial LLC raised its holdings in shares of UFP Technologies by 54.6% during the first quarter. LPL Financial LLC now owns 14,150 shares of the industrial products company’s stock worth $2,824,000 after acquiring an additional 4,999 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in UFP Technologies during the first quarter valued at $690,000. Finally, XTX Topco Ltd purchased a new position in UFP Technologies in the first quarter valued at about $464,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Activity at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,829 shares of UFP Technologies stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $227.20, for a total value of $415,548.80. Following the transaction, the senior vice president owned 10,756 shares of the company’s stock, valued at $2,443,763.20. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

UFP Technologies Price Performance

Shares of NASDAQ:UFPT opened at $226.61 on Monday. The stock has a market capitalization of $1.75 billion, a P/E ratio of 26.26 and a beta of 1.16. The business has a 50-day moving average of $207.95 and a two-hundred day moving average of $221.41. UFP Technologies, Inc. has a fifty-two week low of $178.26 and a fifty-two week high of $327.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.77 and a quick ratio of 1.53.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Thursday, November 9th. The industrial products company reported $1.37 earnings per share for the quarter. The business had revenue of $96.97 million for the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen lowered UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday. Lake Street Capital boosted their price target on UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $289.00.

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.