SG Americas Securities LLC Has $121,000 Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

SG Americas Securities LLC decreased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 87.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 705 shares of the industrial products company’s stock after selling 4,838 shares during the period. SG Americas Securities LLC’s holdings in UFP Technologies were worth $121,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of UFPT. Nordea Investment Management AB grew its stake in UFP Technologies by 0.4% in the 3rd quarter. Nordea Investment Management AB now owns 21,653 shares of the industrial products company’s stock valued at $3,443,000 after buying an additional 84 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in UFP Technologies by 17.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 586 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 87 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in UFP Technologies by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,703 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 107 shares during the last quarter. Commonwealth Equity Services LLC grew its position in UFP Technologies by 5.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,950 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 109 shares during the last quarter. Finally, Barclays PLC grew its position in UFP Technologies by 3.4% in the 2nd quarter. Barclays PLC now owns 3,577 shares of the industrial products company’s stock worth $692,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Activity at UFP Technologies

In related news, SVP Christopher P. Litterio sold 2,000 shares of UFP Technologies stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $208.65, for a total transaction of $417,300.00. Following the completion of the transaction, the senior vice president now directly owns 14,334 shares of the company’s stock, valued at approximately $2,990,789.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Christopher P. Litterio sold 2,000 shares of UFP Technologies stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $208.65, for a total transaction of $417,300.00. Following the completion of the transaction, the senior vice president now directly owns 14,334 shares of the company’s stock, valued at approximately $2,990,789.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO R Jeffrey Bailly sold 27,090 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $209.48, for a total transaction of $5,674,813.20. The disclosure for this sale can be found here. Insiders sold 31,125 shares of company stock valued at $6,511,420 in the last ninety days. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. CJS Securities started coverage on shares of UFP Technologies in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 price target on the stock. Finally, KeyCorp started coverage on shares of UFP Technologies in a report on Tuesday, February 6th. They set a “sector weight” rating for the company.

UFP Technologies Price Performance

NASDAQ:UFPT opened at $217.74 on Friday. UFP Technologies, Inc. has a 52 week low of $127.29 and a 52 week high of $257.29. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 37.22 and a beta of 0.83. The company has a 50-day moving average of $216.57 and a 200-day moving average of $182.22. 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 (NASDAQ:UFPT) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.41. UFP Technologies had a net margin of 11.23% and a return on equity of 25.48%. The firm had revenue of $101.50 million during the quarter, compared to the consensus estimate of $94.80 million. As a group, equities research analysts anticipate that UFP Technologies, Inc. will post 6.19 earnings per share for the current fiscal year.

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.