Ancora Advisors LLC raised its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 41.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 551,977 shares of the industrial products company’s stock after purchasing an additional 161,336 shares during the period. UFP Technologies accounts for 0.7% of Ancora Advisors LLC’s holdings, making the stock its 27th biggest position. Ancora Advisors LLC owned about 7.51% of UFP Technologies worth $16,283,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of UFPT. Schwab Charles Investment Management Inc. lifted its holdings in UFP Technologies by 20.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 11,900 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 2,000 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in UFP Technologies by 19.8% during the fourth quarter. Wells Fargo & Company MN now owns 10,730 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 1,773 shares in the last quarter. BlackRock Inc. lifted its holdings in UFP Technologies by 2.2% during the fourth quarter. BlackRock Inc. now owns 314,787 shares of the industrial products company’s stock valued at $8,752,000 after purchasing an additional 6,801 shares in the last quarter. Cove Street Capital LLC lifted its stake in shares of UFP Technologies by 6.1% in the fourth quarter. Cove Street Capital LLC now owns 613,130 shares of the industrial products company’s stock worth $17,045,000 after buying an additional 35,150 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of UFP Technologies by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 563,000 shares of the industrial products company’s stock worth $15,651,000 after buying an additional 6,600 shares in the last quarter. 69.79% of the stock is currently owned by institutional investors and hedge funds.
UFP Technologies opened at $31.05 on Tuesday, Marketbeat reports. The company has a current ratio of 3.43, a quick ratio of 2.35 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $225.59 million, a PE ratio of 24.84 and a beta of 0.08. UFP Technologies, Inc. has a twelve month low of $25.88 and a twelve month high of $34.00.
UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Friday, May 4th. The industrial products company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.25. The firm had revenue of $42.93 million for the quarter, compared to the consensus estimate of $44.00 million. UFP Technologies had a net margin of 5.74% and a return on equity of 8.23%. research analysts anticipate that UFP Technologies, Inc. will post 2.03 earnings per share for the current year.
In other news, VP W David Smith sold 2,242 shares of the firm’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $33.20, for a total value of $74,434.40. Following the transaction, the vice president now directly owns 19,609 shares of the company’s stock, valued at $651,018.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 6,023 shares of company stock worth $194,358. Insiders own 12.30% of the company’s stock.
Several research firms have recently weighed in on UFPT. Zacks Investment Research downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. ValuEngine raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd.
About UFP Technologies
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.
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