AJOVista LLC Invests $76,000 in UFP Technologies, Inc. (NASDAQ:UFPT)

AJOVista LLC acquired a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 441 shares of the industrial products company’s stock, valued at approximately $76,000.

Other hedge funds also recently modified their holdings of the company. Mountain Pacific Investment Advisers Inc. ID boosted its stake in UFP Technologies by 46.0% during the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 70,360 shares of the industrial products company’s stock valued at $12,105,000 after purchasing an additional 22,163 shares during the last quarter. Peterson Wealth Services bought a new stake in UFP Technologies during the 4th quarter valued at approximately $204,000. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $9,214,000 after buying an additional 37,590 shares during the last quarter. EFG Asset Management North America Corp. bought a new stake in shares of UFP Technologies in the third quarter worth approximately $1,196,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of UFP Technologies by 112.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,340 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 1,240 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. KeyCorp started coverage on UFP Technologies in a research report on Tuesday, February 6th. They issued a “sector weight” rating for the company. StockNews.com upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, CJS Securities began coverage on shares of UFP Technologies in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price objective on the stock.

Insiders Place Their Bets

In related news, VP Steve Cardin sold 311 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total transaction 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 document filed with the SEC, which can be accessed through this link. In other 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 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 Securities & Exchange Commission, which is available through this link. Also, SVP Christopher P. Litterio sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $208.65, for a total value of $417,300.00. Following the transaction, the senior vice president now directly owns 14,334 shares of the company’s stock, valued at approximately $2,990,789.10. The disclosure for this sale can be found here. Insiders sold a total of 31,125 shares of company stock valued at $6,511,420 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

UFP Technologies Stock Up 2.7 %

UFPT stock traded up $6.86 during trading hours on Friday, hitting $262.14. The company’s stock had a trading volume of 73,432 shares, compared to its average volume of 63,985. The company has a market capitalization of $2.01 billion, a PE ratio of 42.14 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 2.48 and a debt-to-equity ratio of 0.10. UFP Technologies, Inc. has a 12 month low of $127.29 and a 12 month high of $265.94. The stock has a 50 day moving average price of $224.09 and a two-hundred day moving average price of $187.39.

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

About UFP Technologies

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.