UFP Technologies, Inc. $UFPT Stake Cut by AlphaQuest LLC

AlphaQuest LLC cut its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 47.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 670 shares of the industrial products company’s stock after selling 605 shares during the quarter. AlphaQuest LLC’s holdings in UFP Technologies were worth $164,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of UFP Technologies in the first quarter worth approximately $2,971,000. Principal Financial Group Inc. increased its stake in UFP Technologies by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 40,274 shares of the industrial products company’s stock valued at $8,124,000 after buying an additional 1,166 shares during the period. Envestnet Asset Management Inc. increased its stake in UFP Technologies by 261.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 75,194 shares of the industrial products company’s stock valued at $15,167,000 after buying an additional 54,382 shares during the period. Palisades Investment Partners LLC lifted its position in UFP Technologies by 1.6% in the 1st quarter. Palisades Investment Partners LLC now owns 35,476 shares of the industrial products company’s stock worth $7,156,000 after buying an additional 549 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in shares of UFP Technologies by 9.0% during the 1st quarter. Diversify Wealth Management LLC now owns 3,297 shares of the industrial products company’s stock valued at $698,000 after buying an additional 271 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Up 3.3%

Shares of UFPT stock opened at $199.05 on Tuesday. The stock’s 50 day simple moving average is $199.99 and its 200 day simple moving average is $220.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77. UFP Technologies, Inc. has a twelve month low of $178.26 and a twelve month high of $354.22. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 23.06 and a beta of 1.19.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Thursday, November 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The firm had revenue of $96.97 million during the quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on UFPT shares. Weiss Ratings restated a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. Lake Street Capital lifted their price objective on UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $289.00.

UFP Technologies 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.