Diamond Hill Capital Management Inc. Acquires 9,155 Shares of UFP Technologies, Inc. $UFPT

Diamond Hill Capital Management Inc. raised its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 52.8% in the fourth quarter, HoldingsChannel reports. The firm owned 26,510 shares of the industrial products company’s stock after buying an additional 9,155 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in UFP Technologies were worth $5,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Global Retirement Partners LLC bought a new position in UFP Technologies during the 4th quarter valued at approximately $28,000. PNC Financial Services Group Inc. raised its position in 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 valued at $52,000 after purchasing an additional 94 shares during the last quarter. Handelsbanken Fonder AB raised its position in UFP Technologies by 45.5% during the 4th quarter. Handelsbanken Fonder AB now owns 3,200 shares of the industrial products company’s stock valued at $710,000 after purchasing an additional 1,000 shares during the last quarter. ProShare Advisors LLC raised its position in UFP Technologies by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 46 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in UFP Technologies by 286.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,535 shares of the industrial products company’s stock valued at $1,895,000 after purchasing an additional 6,329 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 2,864 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $221.71, for a total transaction of $634,977.44. Following the transaction, the director owned 855 shares in the company, valued at approximately $189,562.05. This represents a 77.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.40% of the company’s stock.

UFP Technologies Trading Up 1.3%

UFPT opened at $228.97 on Friday. The business has a 50 day simple moving average of $203.01 and a two-hundred day simple moving average of $223.25. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 25.99 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.91 and a quick ratio of 1.69. UFP Technologies, Inc. has a one year low of $173.86 and a one year high of $274.93.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The firm had revenue of $154.20 million for the quarter, compared to the consensus estimate of $154.78 million. During the same quarter in the prior year, the business earned $2.47 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts predict that UFP Technologies, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, UFP Technologies currently has a consensus rating of “Hold” and a consensus price target of $289.00.

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.