Mutual of America Capital Management LLC Purchases New Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Mutual of America Capital Management LLC purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,230 shares of the industrial products company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mountain Pacific Investment Advisers Inc. ID bought a new position in UFP Technologies during the 3rd quarter worth approximately $7,781,000. Charles Schwab Investment Management Inc. lifted its holdings in UFP Technologies by 193.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,070 shares of the industrial products company’s stock worth $9,214,000 after buying an additional 37,590 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in UFP Technologies by 307.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 45,892 shares of the industrial products company’s stock worth $7,409,000 after buying an additional 34,622 shares during the last quarter. Catalyst Financial Partners LLC lifted its holdings in UFP Technologies by 382.8% during the 3rd quarter. Catalyst Financial Partners LLC now owns 27,657 shares of the industrial products company’s stock worth $4,465,000 after buying an additional 21,929 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in UFP Technologies by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 507,531 shares of the industrial products company’s stock worth $81,941,000 after buying an additional 12,420 shares during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insider Activity at UFP Technologies

In related news, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $196.50, for a total value of $61,111.50. Following the sale, the vice president now directly owns 5,643 shares in the company, valued at approximately $1,108,849.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Cynthia L. Feldmann sold 1,724 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $207.77, for a total value of $358,195.48. Following the sale, the director now directly owns 4,466 shares in the company, valued at approximately $927,900.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Steve Cardin sold 311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $196.50, for a total value of $61,111.50. Following the completion of the sale, the vice president now owns 5,643 shares in the company, valued at $1,108,849.50. The disclosure for this sale can be found here. Insiders have sold a total of 31,125 shares of company stock worth $6,511,420 in the last three months. 7.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

UFP Technologies Trading Up 0.1 %

Shares of NASDAQ UFPT opened at $213.33 on Wednesday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 36.47 and a beta of 0.83. UFP Technologies, Inc. has a 12-month low of $127.29 and a 12-month high of $257.29. The company has a current ratio of 2.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $219.68 and its 200 day simple moving average is $183.74.

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, topping the consensus estimate of $1.12 by $0.41. The business had revenue of $101.50 million for the quarter, compared to the consensus estimate of $94.80 million. UFP Technologies had a return on equity of 25.48% and a net margin of 11.23%. Equities research analysts expect that UFP Technologies, Inc. will post 6.19 EPS for the current year.

About UFP Technologies

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.