Alambic Investment Management L.P. trimmed its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,133 shares of the industrial products company’s stock after selling 1,893 shares during the period. Alambic Investment Management L.P. owned about 0.51% of UFP Technologies worth $1,032,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. FMR LLC lifted its position in UFP Technologies by 105.5% in the 2nd quarter. FMR LLC now owns 205,504 shares of the industrial products company’s stock valued at $5,816,000 after acquiring an additional 105,504 shares in the last quarter. Nationwide Fund Advisors lifted its position in UFP Technologies by 952.3% in the 2nd quarter. Nationwide Fund Advisors now owns 40,775 shares of the industrial products company’s stock valued at $1,154,000 after acquiring an additional 36,900 shares in the last quarter. Quantum Capital Management bought a new position in UFP Technologies in the 3rd quarter valued at about $983,000. OxFORD Asset Management LLP lifted its position in 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in UFP Technologies by 19.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 148,830 shares of the industrial products company’s stock valued at $4,212,000 after acquiring an additional 24,724 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.
UFP Technologies, Inc. (NASDAQ UFPT) traded up $0.15 during trading on Wednesday, hitting $28.60. 22,100 shares of the company’s stock traded hands, compared to its average volume of 22,023. UFP Technologies, Inc. has a 1 year low of $23.55 and a 1 year high of $31.50. The company has a market cap of $206.76, a PE ratio of 26.24 and a beta of 0.13.
Separately, Zacks Investment Research cut shares of UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/14/alambic-investment-management-l-p-sells-1893-shares-of-ufp-technologies-inc-ufpt.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.
Receive News & Ratings for UFP Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Technologies and related companies with MarketBeat.com's FREE daily email newsletter.