Ashford Capital Management Inc. Takes Position in UFP Technologies, Inc. $UFPT

Ashford Capital Management Inc. purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 70,790 shares of the industrial products company’s stock, valued at approximately $17,284,000. UFP Technologies makes up 2.0% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Ashford Capital Management Inc. owned about 0.92% of UFP Technologies as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC raised its stake in shares of UFP Technologies by 54.6% during the 1st quarter. LPL Financial LLC now owns 14,150 shares of the industrial products company’s stock worth $2,824,000 after buying an additional 4,999 shares during the period. Invesco Ltd. increased its holdings in UFP Technologies by 1.9% in the 1st quarter. Invesco Ltd. now owns 178,174 shares of the industrial products company’s stock worth $35,939,000 after acquiring an additional 3,313 shares in the last quarter. Nuveen LLC acquired a new position in UFP Technologies during the first quarter worth $5,764,000. Public Sector Pension Investment Board raised its position in UFP Technologies by 27.6% during the first quarter. Public Sector Pension Investment Board now owns 23,138 shares of the industrial products company’s stock worth $4,667,000 after acquiring an additional 4,998 shares during the period. Finally, Liontrust Investment Partners LLP purchased a new position in UFP Technologies during the first quarter valued at $518,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UFPT shares. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a research note on Wednesday, October 8th. Wall Street Zen lowered UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $289.00.

Insiders Place Their Bets

In other news, SVP Christopher P. Litterio sold 1,829 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $227.20, for a total value of $415,548.80. Following the completion of the sale, the senior vice president owned 10,756 shares of the company’s stock, valued at $2,443,763.20. This represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.40% of the stock is owned by insiders.

UFP Technologies Stock Up 2.1%

Shares of UFPT opened at $219.44 on Friday. UFP Technologies, Inc. has a 52-week low of $178.26 and a 52-week high of $289.57. The company has a market capitalization of $1.69 billion, a PE ratio of 25.43 and a beta of 1.10. The stock has a fifty day simple moving average of $212.09 and a two-hundred day simple moving average of $220.01. The company has a quick ratio of 1.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.37.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Thursday, November 9th. The industrial products company reported $1.37 earnings per share for the quarter. UFP Technologies had a net margin of 11.23% and a return on equity of 20.45%. The firm had revenue of $96.97 million for the quarter.

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.