Ranger Investment Management L.P. Buys Shares of 36,030 UFP Technologies, Inc. $UFPT

Ranger Investment Management L.P. purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) during the second quarter, Holdings Channel.com reports. The firm purchased 36,030 shares of the industrial products company’s stock, valued at approximately $9,553,000.

Several other large investors have also recently made changes to their positions in UFPT. Global Retirement Partners LLC purchased a new stake in shares of UFP Technologies during the 4th quarter worth $28,000. Silvant Capital Management LLC bought a new stake in UFP Technologies during the second quarter valued at about $29,000. Smartleaf Asset Management LLC grew its stake in UFP Technologies by 1,500.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 165 shares during the last quarter. Versant Capital Management Inc grew its stake in UFP Technologies by 1,291.7% in the second quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 155 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in UFP Technologies in the second quarter valued at about $49,000. 87.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,200 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $239.29, for a total transaction of $287,148.00. Following the sale, the director owned 5,476 shares in the company, valued at approximately $1,310,352.04. The trade was a 17.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Symeria Hudson sold 1,926 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $324.58, for a total value of $625,141.08. Following the completion of the transaction, the director directly owned 1,225 shares in the company, valued at $397,610.50. This represents a 61.12% decrease in their ownership of the stock. 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. Insiders own 4.59% of the company’s stock.

UFP Technologies Stock Performance

Shares of UFP Technologies stock opened at $309.13 on Monday. The firm’s 50 day simple moving average is $268.38 and its two-hundred day simple moving average is $234.45. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 33.31 and a beta of 1.08. UFP Technologies, Inc. has a 12-month low of $173.86 and a 12-month high of $338.71. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.31 by $0.61. The business had revenue of $173.96 million during the quarter, compared to the consensus estimate of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. Analysts predict that UFP Technologies, Inc. will post 10.54 EPS for the current year.

UFP Technologies Company 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.