UFP Technologies, Inc. (NASDAQ:UFPT) Holdings Trimmed by Calamos Advisors LLC

Calamos Advisors LLC lowered its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 54.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,544 shares of the industrial products company’s stock after selling 16,255 shares during the quarter. Calamos Advisors LLC owned 0.18% of UFP Technologies worth $2,330,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Federated Hermes Inc. boosted its stake in UFP Technologies by 98.6% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company’s stock valued at $25,000 after buying an additional 73 shares in the last quarter. Peterson Wealth Services bought a new position in UFP Technologies during the fourth quarter valued at about $204,000. Everence Capital Management Inc. bought a new position in UFP Technologies during the fourth quarter valued at about $236,000. Louisiana State Employees Retirement System acquired a new position in shares of UFP Technologies in the 4th quarter valued at $602,000. Finally, Mutual of America Capital Management LLC acquired a new position in shares of UFP Technologies in the 4th quarter valued at $212,000. Institutional investors own 87.28% of the company’s stock.

Insiders Place Their Bets

In other UFP Technologies news, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total transaction of $61,111.50. Following the completion of the sale, the vice president now directly owns 5,643 shares in the company, valued at approximately $1,108,849.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total transaction of $61,111.50. Following the completion of the sale, the vice president now directly owns 5,643 shares of the company’s stock, valued at approximately $1,108,849.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO R Jeffrey Bailly sold 27,090 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $209.48, for a total value of $5,674,813.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,125 shares of company stock worth $6,511,420. 7.80% of the stock is currently owned by company insiders.

UFP Technologies Trading Down 4.5 %

Shares of NASDAQ UFPT opened at $207.92 on Friday. UFP Technologies, Inc. has a one year low of $127.29 and a one year high of $257.29. The firm has a market capitalization of $1.59 billion, a PE ratio of 35.54 and a beta of 0.83. The company has a current ratio of 2.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $218.14 and a two-hundred day moving average price of $182.97.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.41. UFP Technologies had a return on equity of 25.48% and a net margin of 11.23%. The firm had revenue of $101.50 million during the quarter, compared to analyst estimates of $94.80 million. As a group, analysts predict that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UFPT shares. StockNews.com upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. CJS Securities started coverage on UFP Technologies in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price target for the company. Finally, KeyCorp started coverage on UFP Technologies in a research report on Tuesday, February 6th. They issued a “sector weight” rating for the company.

UFP Technologies Profile

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.