Russell Investments Group Ltd. lifted its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 11.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,644 shares of the industrial products company’s stock after purchasing an additional 8,762 shares during the quarter. Russell Investments Group Ltd.’s holdings in UFP Technologies were worth $3,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in shares of UFP Technologies by 545.1% in the first quarter. BNP Paribas Arbitrage SA now owns 1,387 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,172 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of UFP Technologies by 335.7% in the second quarter. Hillsdale Investment Management Inc. now owns 3,050 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 2,350 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of UFP Technologies in the first quarter worth approximately $253,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of UFP Technologies in the second quarter worth approximately $406,000. Finally, Acadian Asset Management LLC lifted its position in shares of UFP Technologies by 13.1% in the first quarter. Acadian Asset Management LLC now owns 11,430 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 1,320 shares in the last quarter. 74.17% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on UFPT shares. Zacks Investment Research raised shares of UFP Technologies from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Thursday, August 29th. BidaskClub lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Finally, ValuEngine lowered shares of UFP Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.
UFPT remained flat at $$40.65 during midday trading on Monday. 2,550 shares of the company traded hands, compared to its average volume of 17,642. The stock has a market capitalization of $302.03 million, a P/E ratio of 19.36 and a beta of 0.60. The company’s 50 day moving average price is $41.68 and its two-hundred day moving average price is $38.60. The company has a current ratio of 2.77, a quick ratio of 1.86 and a debt-to-equity ratio of 0.11. UFP Technologies, Inc. has a 52-week low of $27.80 and a 52-week high of $46.42.
UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.06. The firm had revenue of $51.40 million for the quarter, compared to analyst estimates of $51.50 million. UFP Technologies had a net margin of 8.56% and a return on equity of 11.84%. On average, equities analysts forecast that UFP Technologies, Inc. will post 2.27 earnings per share for the current fiscal year.
In related news, Director Marc D. Kozin sold 2,610 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $39.92, for a total transaction of $104,191.20. Following the transaction, the director now owns 34,176 shares of the company’s stock, valued at $1,364,305.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.00% of the stock is currently owned by company insiders.
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. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.
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