Mesirow Financial Investment Management Inc. Sells 1,585 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Mesirow Financial Investment Management Inc. trimmed its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 50.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,585 shares of the industrial products company’s stock after selling 1,585 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in UFP Technologies were worth $330,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in UFP Technologies in the 1st quarter worth $2,971,000. Farther Finance Advisors LLC increased its position in UFP Technologies by 422.5% in the first quarter. Farther Finance Advisors LLC now owns 1,186 shares of the industrial products company’s stock worth $242,000 after buying an additional 959 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of UFP Technologies by 3.0% in the first quarter. Principal Financial Group Inc. now owns 40,274 shares of the industrial products company’s stock worth $8,124,000 after buying an additional 1,166 shares during the period. Fiera Capital Corp lifted its position in shares of UFP Technologies by 12.5% during the 1st quarter. Fiera Capital Corp now owns 46,105 shares of the industrial products company’s stock valued at $9,300,000 after buying an additional 5,105 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of UFP Technologies by 25.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,033 shares of the industrial products company’s stock valued at $208,000 after buying an additional 212 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at UFP Technologies

In related news, SVP Christopher P. Litterio sold 1,473 shares of UFP Technologies stock in a transaction that occurred 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 sale, the senior vice president owned 12,585 shares of the company’s stock, valued at approximately $2,770,210.20. This trade represents a 10.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is currently owned by company insiders.

UFP Technologies Stock Up 0.1%

Shares of UFPT stock opened at $226.57 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.58 and a quick ratio of 1.45. 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 $238.93 and its 200-day moving average price is $233.78. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 27.73 and a beta of 1.14.

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

Analysts Set New Price Targets

Separately, Lake Street Capital set a $252.00 target price on shares of UFP Technologies and gave the stock a “buy” rating in a report on Wednesday, May 7th.

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.