OxFORD Asset Management LLP trimmed its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 12.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 41,878 shares of the industrial products company’s stock after selling 5,723 shares during the period. OxFORD Asset Management LLP owned about 0.58% of UFP Technologies worth $1,176,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in shares of UFP Technologies by 2.1% in the 2nd quarter. Teachers Advisors LLC now owns 11,190 shares of the industrial products company’s stock valued at $317,000 after acquiring an additional 226 shares during the period. The Manufacturers Life Insurance Company raised its stake 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 period. Bank of New York Mellon Corp increased its stake in UFP Technologies by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 43,609 shares of the industrial products company’s stock worth $1,234,000 after buying an additional 2,025 shares during the period. TIAA CREF Investment Management LLC increased its stake in UFP Technologies by 12.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 18,999 shares of the industrial products company’s stock worth $538,000 after buying an additional 2,170 shares during the period. Finally, Geode Capital Management LLC increased its stake in UFP Technologies by 5.0% during the 1st quarter. Geode Capital Management LLC now owns 52,650 shares of the industrial products company’s stock worth $1,363,000 after buying an additional 2,491 shares during the period. 69.08% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded shares of UFP Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd.
Shares of UFP Technologies, Inc. (NASDAQ UFPT) traded up $0.15 on Thursday, reaching $28.55. 18,513 shares of the company traded hands, compared to its average volume of 25,864. UFP Technologies, Inc. has a 1 year low of $22.95 and a 1 year high of $31.50. The stock has a market cap of $206.40, a P/E ratio of 26.19 and a beta of 0.13.
UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.13). UFP Technologies had a return on equity of 6.83% and a net margin of 5.43%. The business had revenue of $35.68 million for the quarter, compared to analysts’ expectations of $38.70 million. analysts anticipate that UFP Technologies, Inc. will post 1.12 EPS for the current year.
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UFP Technologies Company 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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