Bessemer Group Inc. Purchases 23,380 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Bessemer Group Inc. increased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 22.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 129,209 shares of the industrial products company’s stock after buying an additional 23,380 shares during the period. Bessemer Group Inc.’s holdings in UFP Technologies were worth $31,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in UFP Technologies by 144.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock worth $5,136,000 after acquiring an additional 9,593 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of UFP Technologies by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company’s stock worth $9,562,000 after purchasing an additional 1,444 shares in the last quarter. Jane Street Group LLC boosted its holdings in UFP Technologies by 32.2% during the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock worth $3,668,000 after purchasing an additional 2,822 shares during the last quarter. Assenagon Asset Management S.A. grew its position in UFP Technologies by 340.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company’s stock valued at $9,610,000 after purchasing an additional 30,372 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in UFP Technologies in the 4th quarter valued at $16,808,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Transactions at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the sale, the director now owns 1,785 shares of the company’s stock, valued at $407,711.85. This trade represents a 79.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

UFPT has been the subject of several analyst reports. Raymond James started coverage on UFP Technologies in a report on Friday, March 28th. They issued a “market perform” rating for the company. StockNews.com cut UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

UFP Technologies Price Performance

Shares of UFPT opened at $211.92 on Thursday. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $227.66 and its 200 day simple moving average is $265.02. UFP Technologies, Inc. has a 1-year low of $178.26 and a 1-year high of $366.41. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 30.23 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.45. The business had revenue of $144.07 million during the quarter, compared to analysts’ expectations of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

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.