UFP Technologies, Inc. (NASDAQ:UFPT) Holdings Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,076 shares of the industrial products company’s stock after selling 9,106 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.93% of UFP Technologies worth $12,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. New York State Teachers Retirement System increased its position in shares of UFP Technologies by 15.8% in the third quarter. New York State Teachers Retirement System now owns 2,200 shares of the industrial products company’s stock worth $355,000 after acquiring an additional 300 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in UFP Technologies during the 3rd quarter valued at $274,000. Catalyst Financial Partners LLC lifted its holdings in shares of UFP Technologies by 382.8% in the third quarter. Catalyst Financial Partners LLC now owns 27,657 shares of the industrial products company’s stock valued at $4,465,000 after purchasing an additional 21,929 shares in the last quarter. Inspire Investing LLC boosted its position in shares of UFP Technologies by 18.1% in the third quarter. Inspire Investing LLC now owns 1,915 shares of the industrial products company’s stock worth $309,000 after buying an additional 294 shares during the period. Finally, TD Asset Management Inc purchased a new position in shares of UFP Technologies during the third quarter valued at $307,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Transactions at UFP Technologies

In related news, VP Steve Cardin sold 311 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Christopher P. Litterio sold 2,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $208.65, for a total transaction of $417,300.00. Following the completion of the transaction, the senior vice president now owns 14,334 shares of the company’s stock, valued at approximately $2,990,789.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 31,125 shares of company stock worth $6,511,420. 7.80% of the stock is owned by corporate insiders.

UFP Technologies Price Performance

Shares of UFPT opened at $262.14 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 2.48. The firm has a market cap of $2.01 billion, a PE ratio of 42.14 and a beta of 0.90. The firm’s 50 day moving average price is $224.09 and its 200 day moving average price is $187.39. UFP Technologies, Inc. has a twelve month low of $127.29 and a twelve month high of $265.94.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.41. The business had revenue of $101.50 million for the quarter, compared to the consensus estimate of $94.80 million. UFP Technologies had a net margin of 11.75% and a return on equity of 17.75%. As a group, research analysts expect that UFP Technologies, Inc. will post 6.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UFPT has been the topic of a number of research reports. KeyCorp began coverage on UFP Technologies in a report on Tuesday, February 6th. They issued a “sector weight” rating on the stock. CJS Securities assumed coverage on shares of UFP Technologies in a research note on Wednesday, March 20th. They set an “outperform” rating and a $255.00 target price for the company. Finally, StockNews.com upgraded UFP Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd.

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.