Maridea Wealth Management LLC Takes Position in UFP Technologies, Inc. $UFPT

Maridea Wealth Management LLC purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) in the 2nd quarter, HoldingsChannel reports. The firm purchased 7,901 shares of the industrial products company’s stock, valued at approximately $2,095,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its stake in UFP Technologies by 5.6% in the first quarter. Wasatch Advisors LP now owns 777,313 shares of the industrial products company’s stock valued at $150,488,000 after acquiring an additional 41,286 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of UFP Technologies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 533,578 shares of the industrial products company’s stock worth $118,470,000 after purchasing an additional 5,957 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of UFP Technologies by 36.3% during the 1st quarter. Boston Trust Walden Corp now owns 317,072 shares of the industrial products company’s stock valued at $61,385,000 after purchasing an additional 84,396 shares in the last quarter. State Street Corp raised its holdings in shares of UFP Technologies by 0.3% during the 4th quarter. State Street Corp now owns 289,775 shares of the industrial products company’s stock valued at $64,339,000 after purchasing an additional 961 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of UFP Technologies by 892.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 248,125 shares of the industrial products company’s stock valued at $55,091,000 after purchasing an additional 223,121 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on UFPT shares. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Insider Buying and Selling at UFP Technologies

In related news, Chairman R Jeffrey Bailly sold 5,013 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $317.87, for a total value of $1,593,482.31. Following the transaction, the chairman directly owned 13,011 shares in the company, valued at approximately $4,135,806.57. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Cynthia L. Feldmann sold 1,200 shares of UFP Technologies stock in a transaction on Friday, June 12th. The stock was sold at an average price of $239.29, for a total transaction of $287,148.00. Following the completion of the transaction, the director owned 5,476 shares in the company, valued at $1,310,352.04. This trade represents a 17.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 16,895 shares of company stock valued at $5,284,236. 4.59% of the stock is owned by insiders.

UFP Technologies Stock Up 0.6%

Shares of UFP Technologies stock opened at $321.76 on Friday. The stock has a market capitalization of $2.49 billion, a P/E ratio of 34.67 and a beta of 1.08. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $260.43 and a two-hundred day moving average price of $232.40. UFP Technologies, Inc. has a 12-month low of $173.86 and a 12-month high of $338.71.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The company had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. Equities analysts expect that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.