Integrated Quantitative Investments LLC Takes $1.27 Million Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Integrated Quantitative Investments LLC acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 5,211 shares of the industrial products company’s stock, valued at approximately $1,274,000.

A number of other hedge funds have also recently made changes to their positions in UFPT. Boston Trust Walden Corp bought a new position in UFP Technologies in the 4th quarter worth about $26,395,000. Raymond James Financial Inc. bought a new position in UFP Technologies in the fourth quarter worth approximately $16,808,000. Franklin Resources Inc. increased its holdings in UFP Technologies by 48.1% during the 4th quarter. Franklin Resources Inc. now owns 136,345 shares of the industrial products company’s stock worth $33,338,000 after purchasing an additional 44,292 shares during the period. Congress Asset Management Co. lifted its stake in UFP Technologies by 14.2% in the fourth quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company’s stock worth $68,787,000 after acquiring an additional 35,022 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in UFP Technologies by 340.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company’s stock worth $9,610,000 after acquiring an additional 30,372 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UFPT. Raymond James assumed coverage on shares of UFP Technologies in a report on Friday, March 28th. They issued a “market perform” rating for the company. StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

UFP Technologies Trading Down 8.1 %

NASDAQ UFPT opened at $193.62 on Friday. The firm has a market cap of $1.49 billion, a PE ratio of 27.62 and a beta of 1.15. UFP Technologies, Inc. has a 52 week low of $192.13 and a 52 week high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $236.67 and a 200 day moving average price of $270.99.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The company had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million.

Insider Activity

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the transaction, the director now owns 1,785 shares in the company, valued at approximately $407,711.85. This represents a 79.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies 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.