GAMMA Investing LLC Boosts Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

GAMMA Investing LLC lifted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 28,138.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,827 shares of the industrial products company’s stock after acquiring an additional 26,732 shares during the quarter. GAMMA Investing LLC owned approximately 0.35% of UFP Technologies worth $5,411,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in UFP Technologies by 3.7% during the fourth quarter. California State Teachers Retirement System now owns 7,143 shares of the industrial products company’s stock worth $1,747,000 after purchasing an additional 252 shares during the period. Park Square Financial Group LLC purchased a new stake in UFP Technologies in the fourth quarter valued at approximately $107,000. Public Employees Retirement System of Ohio raised its stake in shares of UFP Technologies by 28.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 20,790 shares of the industrial products company’s stock worth $5,083,000 after acquiring an additional 4,572 shares in the last quarter. Palisades Investment Partners LLC raised its stake in shares of UFP Technologies by 9.2% during the fourth quarter. Palisades Investment Partners LLC now owns 34,927 shares of the industrial products company’s stock worth $8,540,000 after acquiring an additional 2,945 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of UFP Technologies by 1.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,529 shares of the industrial products company’s stock worth $2,819,000 after buying an additional 163 shares during the period. Institutional investors own 87.28% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Christopher P. Litterio sold 1,473 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the transaction, the senior vice president now owns 12,585 shares in the company, valued at approximately $2,770,210.20. This trade represents a 10.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Raymond James initiated coverage on shares of UFP Technologies in a research report on Friday, March 28th. They set a “market perform” rating on the stock. Lake Street Capital set a $252.00 target price on UFP Technologies and gave the stock a “buy” rating in a research report on Wednesday, May 7th.

UFP Technologies Trading Up 0.3%

UFP Technologies stock opened at $238.19 on Tuesday. The firm has a 50 day moving average of $220.82 and a 200 day moving average of $240.86. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 33.98 and a beta of 1.12. UFP Technologies, Inc. has a 12-month low of $178.26 and a 12-month high of $366.41. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.42. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The firm had revenue of $148.15 million during the quarter, compared to the consensus estimate of $139.93 million.

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.