3,347 Shares in UFP Technologies, Inc. $UFPT Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,347 shares of the industrial products company’s stock, valued at approximately $887,000.

Several other institutional investors also recently bought and sold shares of UFPT. ProShare Advisors LLC boosted its position in UFP Technologies by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 46 shares during the period. Balefire LLC grew its holdings in UFP Technologies by 6.6% in the 1st quarter. Balefire LLC now owns 1,093 shares of the industrial products company’s stock valued at $212,000 after buying an additional 68 shares during the last quarter. Sanctuary Advisors LLC raised its stake in UFP Technologies by 3.3% during the 1st quarter. Sanctuary Advisors LLC now owns 2,287 shares of the industrial products company’s stock valued at $443,000 after purchasing an additional 72 shares during the last quarter. Carnegie Investment Counsel lifted its stake in shares of UFP Technologies by 4.8% in the first quarter. Carnegie Investment Counsel now owns 2,064 shares of the industrial products company’s stock valued at $400,000 after buying an additional 94 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of UFP Technologies by 66.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 94 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

UFP Technologies Trading Down 1.3%

Shares of NASDAQ:UFPT opened at $294.06 on Wednesday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 31.69 and a beta of 1.08. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71. The company’s fifty day simple moving average is $277.71 and its 200 day simple moving average is $236.42. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.61. The firm had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%. As a group, research analysts forecast that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Insider Transactions at UFP Technologies

In related news, Director Cynthia L. Feldmann sold 1,000 shares of UFP Technologies stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $324.26, for a total value of $324,260.00. Following the sale, the director owned 4,476 shares of the company’s stock, valued at approximately $1,451,387.76. This trade represents a 18.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marc D. Kozin sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $304.50, for a total value of $2,131,500.00. Following the completion of the sale, the director owned 21,112 shares in the company, valued at $6,428,604. The trade was a 24.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,119 shares of company stock worth $8,460,232 in the last 90 days. 4.59% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UFPT. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

UFP Technologies Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.