1,949 Shares in UFP Technologies, Inc. $UFPT Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,949 shares of the industrial products company’s stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Global Retirement Partners LLC purchased a new position in UFP Technologies during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC grew its holdings in shares of UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 165 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of UFP Technologies by 1,291.7% during the 2nd quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 155 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of UFP Technologies in the second quarter worth $49,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of UFP Technologies during the third quarter worth $51,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Buying and Selling

In other UFP Technologies news, Chairman R Jeffrey Bailly sold 10,682 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $318.63, for a total transaction of $3,403,605.66. Following the sale, the chairman directly owned 18,024 shares of the company’s stock, valued at approximately $5,742,987.12. This represents a 37.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Symeria Hudson sold 1,926 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $324.58, for a total transaction of $625,141.08. Following the sale, the director directly owned 1,225 shares in the company, valued at approximately $397,610.50. This represents a 61.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 20,119 shares of company stock worth $6,328,732 in the last 90 days. 4.59% of the stock is owned by company insiders.

UFP Technologies Price Performance

Shares of UFP Technologies stock opened at $309.13 on Friday. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $338.71. The firm has a fifty day simple moving average of $268.38 and a 200-day simple moving average of $234.60. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 33.31 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.31 by $0.61. The firm had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. On average, sell-side analysts expect that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on UFPT shares. Wall Street Zen upgraded UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

UFP Technologies Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.