Mariner LLC Acquires New Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Mariner LLC bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,447 shares of the industrial products company’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AlphaQuest LLC bought a new stake in shares of UFP Technologies during the 4th quarter worth $25,000. Venturi Wealth Management LLC acquired a new position in UFP Technologies during the 4th quarter worth $74,000. EverSource Wealth Advisors LLC boosted its holdings in UFP Technologies by 24.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 66 shares during the period. KBC Group NV grew its position in shares of UFP Technologies by 37.9% in the fourth quarter. KBC Group NV now owns 375 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 103 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of UFP Technologies by 110.4% in the fourth quarter. Principal Securities Inc. now owns 444 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Stock Down 4.8 %

NASDAQ UFPT opened at $202.21 on Friday. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $366.41. The stock has a market cap of $1.55 billion, a PE ratio of 28.85 and a beta of 1.08. The firm has a 50-day simple moving average of $209.15 and a 200 day simple moving average of $253.16. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data 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 company had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Analysts Set New Price Targets

Several brokerages recently weighed in on UFPT. Raymond James began coverage on UFP Technologies in a research note on Friday, March 28th. They set a “market perform” rating for the company. StockNews.com downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

Insider Buying and Selling at UFP Technologies

In other news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.17% of the company’s stock.

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.