UFP Technologies, Inc. (NASDAQ:UFPT) Stock Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 80.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,001 shares of the industrial products company’s stock after purchasing an additional 1,781 shares during the period. SG Americas Securities LLC owned about 0.05% of UFP Technologies worth $807,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. AlphaQuest LLC bought a new stake in shares of UFP Technologies during the fourth quarter valued at approximately $25,000. Johnson Financial Group Inc. acquired a new stake in UFP Technologies in the 4th quarter valued at approximately $42,000. Venturi Wealth Management LLC acquired a new stake in UFP Technologies in the 4th quarter valued at approximately $74,000. EverSource Wealth Advisors LLC raised its stake in UFP Technologies by 24.7% during the 4th 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 in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in UFP Technologies during the 4th quarter worth $84,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Trading Up 1.9%

UFP Technologies stock opened at $240.25 on Friday. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $366.41. The company’s fifty day moving average price is $226.90 and its two-hundred day moving average price is $237.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.58 and a quick ratio of 1.45. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 29.41 and a beta of 1.12.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.42. UFP Technologies had a net margin of 11.59% and a return on equity of 21.27%. The business had revenue of $148.15 million for the quarter, compared to analyst estimates of $139.93 million.

Analyst Ratings Changes

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

Insider Buying and Selling

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $220.12, for a total value of $324,236.76. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.40% 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.