UFP Technologies, Inc. (UFPT) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors grew its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 7.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,975 shares of the industrial products company’s stock after acquiring an additional 3,200 shares during the quarter. Nationwide Fund Advisors owned approximately 0.61% of UFP Technologies worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CAPROCK Group Inc. bought a new stake in shares of UFP Technologies in the 3rd quarter valued at approximately $243,000. The Manufacturers Life Insurance Company increased its holdings in shares of UFP Technologies by 21.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,998 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 1,237 shares during the last quarter. State Street Corp increased its holdings in shares of UFP Technologies by 8.1% in the 2nd quarter. State Street Corp now owns 111,586 shares of the industrial products company’s stock valued at $3,160,000 after acquiring an additional 8,341 shares during the last quarter. Punch & Associates Investment Management Inc. increased its holdings in shares of UFP Technologies by 7.3% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 192,000 shares of the industrial products company’s stock valued at $5,434,000 after acquiring an additional 13,100 shares during the last quarter. Finally, OxFORD Asset Management LLP increased its holdings in shares of UFP Technologies by 166.2% in the 2nd quarter. OxFORD Asset Management LLP now owns 47,601 shares of the industrial products company’s stock valued at $1,347,000 after acquiring an additional 29,716 shares during the last quarter. Institutional investors and hedge funds own 69.08% of the company’s stock.
Separately, Zacks Investment Research downgraded UFP Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th.
Shares of UFP Technologies, Inc. (NASDAQ UFPT) opened at $27.15 on Thursday. UFP Technologies, Inc. has a twelve month low of $22.95 and a twelve month high of $31.50. The firm has a market capitalization of $193.68, a P/E ratio of 24.91 and a beta of 0.12.
UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.13). The firm had revenue of $35.68 million during the quarter, compared to the consensus estimate of $38.70 million. UFP Technologies had a net margin of 5.43% and a return on equity of 6.83%. sell-side analysts expect that UFP Technologies, Inc. will post 1.12 EPS for the current year.
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UFP Technologies Profile
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.
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