Grandeur Peak Global Advisors LLC Makes New Investment in UFP Technologies, Inc. $UFPT

Grandeur Peak Global Advisors LLC purchased a new position in UFP Technologies, Inc. (NASDAQ:UFPT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,848 shares of the industrial products company’s stock, valued at approximately $755,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Transamerica Financial Advisors LLC purchased a new position in UFP Technologies in the second quarter worth $32,000. Punch & Associates Investment Management Inc. purchased a new stake in UFP Technologies during the second quarter valued at about $6,018,000. Bank of America Corp DE bought a new stake in UFP Technologies during the second quarter worth about $15,991,000. Jupiter Topco LLC bought a new stake in UFP Technologies during the second quarter worth about $882,000. Finally, EFG International AG purchased a new position in shares of UFP Technologies in the 2nd quarter worth about $3,971,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insiders Place Their Bets

In related news, Director Marc D. Kozin sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $304.50, for a total transaction of $2,131,500.00. Following the completion of the transaction, the director owned 21,112 shares in the company, valued at $6,428,604. This represents a 24.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cynthia L. Feldmann sold 1,200 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the completion of the sale, the director directly owned 5,476 shares of the company’s stock, valued at $1,310,352.04. The trade was a 17.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,119 shares of company stock valued at $8,460,232 over the last three months. 4.59% of the stock is currently owned by corporate insiders.

UFP Technologies Stock Performance

UFP Technologies stock opened at $299.95 on Friday. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $338.71. 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 firm has a fifty day simple moving average of $274.01 and a two-hundred day simple moving average of $235.74. The company has a market capitalization of $2.32 billion, a PE ratio of 32.32 and a beta of 1.08.

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

Analysts Set New Price Targets

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

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.