Alps Advisors Inc. Makes New $620,000 Investment in UFP Technologies, Inc. $UFPT

Alps Advisors Inc. purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,090 shares of the industrial products company’s stock, valued at approximately $620,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of UFP Technologies in the 2nd quarter worth $302,622,000. Allspring Global Investments Holdings LLC grew its holdings in UFP Technologies by 14.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 189,863 shares of the industrial products company’s stock worth $36,832,000 after acquiring an additional 23,728 shares during the period. Dimensional Fund Advisors LP lifted its holdings in UFP Technologies by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 179,973 shares of the industrial products company’s stock valued at $34,840,000 after acquiring an additional 11,131 shares during the period. Neumeier Poma Investment Counsel LLC purchased a new stake in shares of UFP Technologies during the 2nd quarter worth $22,423,370. Finally, Ashford Capital Management Inc. grew its stake in shares of UFP Technologies by 11.7% during the 1st quarter. Ashford Capital Management Inc. now owns 108,010 shares of the industrial products company’s stock worth $20,911,000 after purchasing an additional 11,350 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Stock Performance

NASDAQ UFPT opened at $305.06 on Friday. The business has a fifty day moving average of $292.95 and a 200-day moving average of $252.22. UFP Technologies, Inc. has a fifty-two week low of $173.86 and a fifty-two week high of $342.11. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 31.10 and a beta of 1.09. The company has a quick ratio of 1.71, a current ratio of 2.98 and a debt-to-equity ratio of 0.20.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Tuesday, November 3rd. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.39. The business had revenue of $172.43 million for the quarter, compared to the consensus estimate of $166.89 million. UFP Technologies had a net margin of 11.78% and a return on equity of 18.46%. As a group, analysts predict that UFP Technologies, Inc. will post 10.78 earnings per share for the current fiscal year.

Insider Transactions at UFP Technologies

In other news, Director Marc Kozin sold 7,000 shares of UFP Technologies stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $304.50, for a total value of $2,131,500.00. Following the transaction, the director directly owned 21,112 shares of the company’s stock, valued at $6,428,604. The trade was a 24.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Symeria Hudson sold 298 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $319.11, for a total value of $95,094.78. Following the completion of the transaction, the director directly owned 927 shares in the company, valued at $295,814.97. This trade represents a 24.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UFPT has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of UFP Technologies in a report on Tuesday, November 3rd. Wall Street Zen raised UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, UFP Technologies currently has a consensus rating of “Hold”.

UFP Technologies Company Profile

UFP Technologies, Inc. designs and manufactures custom components, subassemblies and packaging from materials including foam, plastics, composites and natural fibers. Its services span product design and engineering, prototyping, material conversion, fabrication and assembly. The company serves a range of industries, with a significant focus on medical products. Its offerings include components for medical devices and surgical products, as well as protective and sterile packaging. UFP Technologies also supplies custom solutions for industrial, aerospace, automotive and other markets.