The Manufacturers Life Insurance Company boosted its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 21.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,998 shares of the industrial products company’s stock after purchasing an additional 1,237 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.10% of UFP Technologies worth $198,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in UFP Technologies by 8.1% in the second quarter. State Street Corp now owns 111,586 shares of the industrial products company’s stock valued at $3,160,000 after purchasing an additional 8,341 shares during the period. Punch & Associates Investment Management Inc. grew its holdings in UFP Technologies by 7.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 192,000 shares of the industrial products company’s stock valued at $5,434,000 after purchasing an additional 13,100 shares during the period. OxFORD Asset Management LLP grew its holdings in UFP Technologies by 166.2% in the second quarter. OxFORD Asset Management LLP now owns 47,601 shares of the industrial products company’s stock valued at $1,347,000 after purchasing an additional 29,716 shares during the period. Dimensional Fund Advisors LP grew its holdings in UFP Technologies by 19.9% in the second quarter. Dimensional Fund Advisors LP now owns 148,830 shares of the industrial products company’s stock valued at $4,212,000 after purchasing an additional 24,724 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in UFP Technologies by 2.0% in the second quarter. Renaissance Technologies LLC now owns 546,300 shares of the industrial products company’s stock valued at $15,460,000 after purchasing an additional 10,900 shares during the period. Hedge funds and other institutional investors own 69.08% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of UFP Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 22nd.

Shares of UFP Technologies, Inc. (NASDAQ UFPT) opened at $27.00 on Tuesday. UFP Technologies, Inc. has a twelve month low of $22.95 and a twelve month high of $31.50. The stock has a market cap of $199.13, a P/E ratio of 25.14 and a beta of 0.12.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.13). The business had revenue of $35.68 million for the quarter, compared to analyst estimates of $38.70 million. UFP Technologies had a net margin of 5.43% and a return on equity of 6.83%. analysts forecast that UFP Technologies, Inc. will post 1.12 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “UFP Technologies, Inc. (UFPT) Position Raised by The Manufacturers Life Insurance Company” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/ufp-technologies-inc-ufpt-position-raised-by-the-manufacturers-life-insurance-company/1759262.html.

About UFP Technologies

UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

Receive News & Ratings for UFP Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.