Arizona State Retirement System Takes Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Arizona State Retirement System bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 2,028 shares of the industrial products company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UFPT. Lazard Asset Management LLC grew its stake in UFP Technologies by 169.2% during the third quarter. Lazard Asset Management LLC now owns 428 shares of the industrial products company’s stock worth $36,000 after buying an additional 269 shares during the period. Captrust Financial Advisors lifted its holdings in shares of UFP Technologies by 3,322.2% during the 2nd quarter. Captrust Financial Advisors now owns 616 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 598 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in UFP Technologies by 131.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 893 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 507 shares during the period. SG Americas Securities LLC acquired a new stake in UFP Technologies in the 3rd quarter valued at $102,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in UFP Technologies in the 4th quarter valued at $111,000. Institutional investors and hedge funds own 80.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UFPT. VNET Group reaffirmed a “maintains” rating on shares of UFP Technologies in a research report on Wednesday, May 3rd. StockNews.com initiated coverage on shares of UFP Technologies in a research report on Thursday, May 18th. They issued a “sell” rating for the company. Finally, Lake Street Capital lifted their price objective on shares of UFP Technologies from $131.00 to $171.00 in a research note on Wednesday, May 3rd.

UFP Technologies Stock Down 0.8 %

Shares of UFP Technologies stock opened at $153.76 on Wednesday. UFP Technologies, Inc. has a 1-year low of $70.27 and a 1-year high of $157.96. The company has a market capitalization of $1.17 billion, a PE ratio of 25.21 and a beta of 0.78. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.35. The business has a 50-day moving average of $135.36 and a 200-day moving average of $122.47.

UFP Technologies (NASDAQ:UFPT – Get Rating) last issued its quarterly earnings results on Tuesday, March 7th. The industrial products company reported $1.10 EPS for the quarter. UFP Technologies had a return on equity of 23.36% and a net margin of 12.27%. The firm had revenue of $91.24 million during the quarter.

Insider Transactions at UFP Technologies

In related news, Director Thomas Oberdorf sold 4,200 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $141.50, for a total value of $594,300.00. Following the sale, the director now directly owns 25,764 shares of the company’s stock, valued at $3,645,606. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Ronald J. Lataille sold 7,354 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $142.06, for a total transaction of $1,044,709.24. Following the transaction, the chief financial officer now owns 55,123 shares of the company’s stock, valued at $7,830,773.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Oberdorf sold 4,200 shares of UFP Technologies stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $141.50, for a total value of $594,300.00. Following the completion of the transaction, the director now owns 25,764 shares of the company’s stock, valued at $3,645,606. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,702 shares of company stock valued at $3,240,563. 10.24% of the stock is currently owned by corporate insiders.

UFP Technologies Profile

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UFP Technologies, Inc engages in designing and custom manufacturing of components, subassemblies, products and packaging utilizing specialized foams, films, and plastics primarily for the medical market. The firm manufactures its products by converting raw materials using laminating, molding, radio frequency and impulse welding and fabricating manufacturing techniques. �It’s single-use and single-patient devices and components are used in a wide range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.