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 valued at $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 the SEC website at this link.
Several other large investors have also bought and sold shares of UFPT. Nationwide Fund Advisors purchased a new position in shares of UFP Technologies during the second quarter worth $190,000. Teachers Advisors Inc. bought a new position in UFP Technologies during the second quarter valued at approximately $223,000. Schwab Charles Investment Management Inc. bought a new position in UFP Technologies during the second quarter valued at approximately $224,000. California State Teachers Retirement System bought a new position in UFP Technologies during the second quarter valued at approximately $303,000. Finally, Alambic Investment Management L.P. raised its position 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 valued at $502,000 after buying an additional 2,172 shares during the period. Institutional investors and hedge funds own 65.68% of the company’s stock.
UFP Technologies Inc. (NASDAQ:UFPT) traded up 2.84% on Monday, reaching $26.84. The company’s stock had a trading volume of 33,703 shares. The stock has a 50 day moving average price of $24.34 and a 200-day moving average price of $23.01. UFP Technologies Inc. has a 1-year low of $20.40 and a 1-year high of $27.12. The company has a market capitalization of $193.06 million, a price-to-earnings ratio of 26.06 and a beta of 0.65.
UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.19. The company had revenue of $37.90 million for the quarter, compared to analysts’ expectations of $36.50 million. UFP Technologies had a return on equity of 7.23% and a net margin of 5.31%. Equities analysts predict that UFP Technologies Inc. will post $1.35 earnings per share for the current fiscal year.
UFPT has been the topic of several research reports. TheStreet lowered UFP Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. Zacks Investment Research raised 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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