Thomas E Lynch Has 5% Stake in UFP Technologies Inc. (UFPT)
Thomas E Lynch stated that they own a 5% stake in UFP Technologies Inc. (NASDAQ:UFPT) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Monday, September 19th. The investor owns 359,770 shares of the stock worth $9,656,227. The reporting parties listed on the disclosure included Thomas E Lynch, Scott P Scharfman, Mill Road Capital II GP LLC and Mill Road Capital II, LP. The filing is available through EDGAR at this hyperlink.
A number of other institutional investors also recently added to or reduced their stakes in UFPT. GSA Capital Partners LLP increased its stake in UFP Technologies by 31.1% in the second quarter. GSA Capital Partners LLP now owns 34,119 shares of the company’s stock worth $769,000 after buying an additional 8,090 shares in the last quarter. Alambic Investment Management L.P. increased its stake in UFP Technologies by 10.8% in the second quarter. Alambic Investment Management L.P. now owns 22,277 shares of the company’s stock worth $502,000 after buying an additional 2,172 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its stake in UFP Technologies by 20.9% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 281,064 shares of the company’s stock worth $6,259,000 after buying an additional 48,638 shares in the last quarter. Dalton Greiner Hartman Maher & Co. acquired a new stake in UFP Technologies during the first quarter worth approximately $1,119,000. Finally, Boston Partners increased its stake in UFP Technologies by 4.8% in the second quarter. Boston Partners now owns 188,550 shares of the company’s stock worth $4,250,000 after buying an additional 8,606 shares in the last quarter. 65.68% of the stock is currently owned by institutional investors.
UFP Technologies Inc. (NASDAQ:UFPT) traded up 2.84% during midday trading on Monday, hitting $26.84. The company had a trading volume of 33,703 shares. The firm has a market cap of $193.06 million, a price-to-earnings ratio of 26.06 and a beta of 0.65. UFP Technologies Inc. has a 52-week low of $20.40 and a 52-week high of $27.12. The stock has a 50 day moving average of $24.34 and a 200 day moving average of $23.01.
UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.19. UFP Technologies had a return on equity of 7.23% and a net margin of 5.31%. The business had revenue of $37.90 million for the quarter, compared to analysts’ expectations of $36.50 million. On average, analysts anticipate that UFP Technologies Inc. will post $1.35 EPS for the current year.
A number of equities research analysts have commented on UFPT shares. TheStreet upgraded UFP Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 19th. Zacks Investment Research upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd.
About UFP Technologies
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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