Grandeur Peak Global Advisors LLC Invests $755,000 in UFP Technologies, Inc. $UFPT

Grandeur Peak Global Advisors LLC bought a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,848 shares of the industrial products company’s stock, valued at approximately $755,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UFPT. Global Retirement Partners LLC bought a new position in UFP Technologies in the fourth quarter worth $28,000. Silvant Capital Management LLC bought a new position in shares of UFP Technologies in the 2nd quarter worth about $29,000. Transamerica Financial Advisors LLC bought a new stake in UFP Technologies during the second quarter worth about $32,000. Smartleaf Asset Management LLC boosted its stake in UFP Technologies by 1,500.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 165 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in UFP Technologies by 1,291.7% in the second quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 155 shares during the period. 87.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Symeria Hudson sold 1,926 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $324.58, for a total transaction of $625,141.08. Following the completion of the sale, the director directly owned 1,225 shares of the company’s stock, valued at approximately $397,610.50. This represents a 61.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc D. Kozin sold 7,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $304.50, for a total transaction of $2,131,500.00. Following the completion of the transaction, the director owned 21,112 shares in the company, valued at $6,428,604. The trade was a 24.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 27,119 shares of company stock worth $8,460,232. 4.59% of the stock is owned by corporate insiders.

UFP Technologies Trading Down 1.5%

NASDAQ:UFPT opened at $299.95 on Friday. The company has a market cap of $2.32 billion, a PE ratio of 32.32 and a beta of 1.08. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71. The company has a 50 day simple moving average of $274.01 and a two-hundred day simple moving average of $235.74.

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 analysts’ consensus estimates of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The business had revenue of $173.96 million during the quarter, compared to the consensus estimate of $159.38 million. Research analysts forecast that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UFPT. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised 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, the stock has an average rating of “Hold”.

UFP Technologies Company 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.