UFP Technologies, Inc. (NASDAQ:UFPT) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC increased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,061 shares of the industrial products company’s stock after acquiring an additional 74 shares during the period. Yousif Capital Management LLC owned about 0.05% of UFP Technologies worth $699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UFPT. Charles Schwab Investment Management Inc. lifted its position in shares of UFP Technologies by 193.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,070 shares of the industrial products company’s stock worth $9,214,000 after purchasing an additional 37,590 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in UFP Technologies by 307.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 45,892 shares of the industrial products company’s stock worth $7,409,000 after buying an additional 34,622 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in UFP Technologies by 382.8% in the 3rd quarter. Catalyst Financial Partners LLC now owns 27,657 shares of the industrial products company’s stock valued at $4,465,000 after buying an additional 21,929 shares during the period. Knights of Columbus Asset Advisors LLC grew its stake in shares of UFP Technologies by 99.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 26,130 shares of the industrial products company’s stock worth $4,495,000 after acquiring an additional 13,050 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of UFP Technologies by 2.5% during the third quarter. Vanguard Group Inc. now owns 507,531 shares of the industrial products company’s stock worth $81,941,000 after acquiring an additional 12,420 shares during the period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

UFP Technologies Stock Up 2.7 %

UFP Technologies stock opened at $262.14 on Monday. The stock’s fifty day moving average is $224.09 and its two-hundred day moving average is $187.64. The stock has a market cap of $2.01 billion, a PE ratio of 42.14 and a beta of 0.90. UFP Technologies, Inc. has a 1-year low of $127.29 and a 1-year high of $265.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.48 and a quick ratio of 1.28.

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

Insider Transactions at UFP Technologies

In related news, VP Steve Cardin sold 311 shares of the stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Steve Cardin sold 311 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,108,849.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Cynthia L. Feldmann sold 1,724 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $207.77, for a total value of $358,195.48. Following the transaction, the director now owns 4,466 shares in the company, valued at approximately $927,900.82. 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 currently owned by insiders.

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.