UFP Technologies, Inc. $UFPT Shares Purchased by Ashford Capital Management Inc.

Ashford Capital Management Inc. boosted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 11.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,010 shares of the industrial products company’s stock after acquiring an additional 11,350 shares during the quarter. UFP Technologies accounts for approximately 2.6% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 11th biggest position. Ashford Capital Management Inc.’s holdings in UFP Technologies were worth $20,911,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in UFP Technologies during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC boosted its stake in shares of UFP Technologies by 1,500.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 165 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of UFP Technologies in the second quarter valued at approximately $49,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of UFP Technologies in the third quarter valued at approximately $51,000. Finally, PNC Financial Services Group Inc. increased its stake 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 worth $52,000 after buying an additional 94 shares during the period. 87.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Daniel C. Croteau sold 2,864 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total transaction of $634,977.44. Following the sale, the director directly owned 855 shares in the company, valued at approximately $189,562.05. This represents a 77.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cynthia L. Feldmann sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $239.29, for a total transaction of $287,148.00. Following the completion of the sale, the director directly owned 5,476 shares in the company, valued at approximately $1,310,352.04. This trade represents a 17.97% decrease in their position. The SEC filing for this sale provides additional information. 4.59% of the stock is currently owned by corporate insiders.

UFP Technologies Trading Up 4.8%

UFPT opened at $248.63 on Tuesday. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $279.49. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 28.22 and a beta of 1.07. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.91 and a quick ratio of 1.69. The business has a fifty day moving average price of $239.36 and a 200 day moving average price of $228.27.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a report on Friday, May 29th. One investment 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 has an average rating of “Hold” and an average target price of $289.00.

UFP Technologies 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.