Millington Financial Advisors LLC Has $2.16 Million Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Millington Financial Advisors LLC trimmed its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 14.1% in the fourth quarter, Holdings Channel reports. The fund owned 12,538 shares of the industrial products company’s stock after selling 2,050 shares during the period. UFP Technologies accounts for about 1.7% of Millington Financial Advisors LLC’s portfolio, making the stock its 15th biggest position. Millington Financial Advisors LLC’s holdings in UFP Technologies were worth $2,157,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in shares of UFP Technologies by 98.6% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company’s stock worth $25,000 after buying an additional 73 shares during the period. Ronald Blue Trust Inc. acquired a new position in shares of UFP Technologies during the third quarter worth about $48,000. DekaBank Deutsche Girozentrale acquired a new position in shares of UFP Technologies during the third quarter worth about $87,000. Peterson Wealth Services acquired a new position in shares of UFP Technologies during the fourth quarter worth about $204,000. Finally, Mutual of America Capital Management LLC acquired a new position in shares of UFP Technologies during the fourth quarter worth about $212,000. 87.28% of the stock is owned by institutional investors and hedge funds.

UFP Technologies Stock Performance

Shares of NASDAQ UFPT traded up $0.25 during trading hours on Tuesday, reaching $213.33. 61,920 shares of the stock were exchanged, compared to its average volume of 64,176. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 36.42 and a beta of 0.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 2.48. UFP Technologies, Inc. has a 52 week low of $127.29 and a 52 week high of $257.29. The stock’s fifty day simple moving average is $218.86 and its 200 day simple moving average is $183.42.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.41. The company had revenue of $101.50 million for the quarter, compared to analyst estimates of $94.80 million. UFP Technologies had a return on equity of 25.48% and a net margin of 11.23%. Sell-side analysts predict that UFP Technologies, Inc. will post 6.19 EPS for the current year.

Insider Buying and Selling

In other UFP Technologies news, SVP Christopher P. Litterio sold 2,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total value of $417,300.00. Following the sale, the senior vice president now owns 14,334 shares of the company’s stock, valued at approximately $2,990,789.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other UFP Technologies news, SVP Christopher P. Litterio sold 2,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $208.65, for a total value of $417,300.00. Following the sale, the senior vice president now owns 14,334 shares of the company’s stock, valued at approximately $2,990,789.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value of $61,111.50. Following the completion of the sale, the vice president now directly owns 5,643 shares in the company, valued at approximately $1,108,849.50. The disclosure for this sale can be found here. Insiders have sold 31,125 shares of company stock valued at $6,511,420 over the last 90 days. 7.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. CJS Securities assumed coverage on UFP Technologies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $255.00 price objective for the company. KeyCorp assumed coverage on UFP Technologies in a research report on Tuesday, February 6th. They set a “sector weight” rating for the company. Finally, StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.