UFP Technologies, Inc. $UFPT is Applied Fundamental Research LLC’s 5th Largest Position

Applied Fundamental Research LLC increased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 23.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,753 shares of the industrial products company’s stock after buying an additional 9,314 shares during the period. UFP Technologies comprises 9.5% of Applied Fundamental Research LLC’s portfolio, making the stock its 5th largest holding. Applied Fundamental Research LLC owned approximately 0.63% of UFP Technologies worth $9,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in UFP Technologies by 37.6% during the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 50 shares during the last quarter. Anchor Capital Advisors LLC lifted its stake in shares of UFP Technologies by 1.6% during the 3rd quarter. Anchor Capital Advisors LLC now owns 4,350 shares of the industrial products company’s stock worth $868,000 after purchasing an additional 70 shares during the period. Bank of Montreal Can boosted its holdings in shares of UFP Technologies by 6.7% during the second quarter. Bank of Montreal Can now owns 1,226 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 77 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in shares of UFP Technologies by 3.8% during the second quarter. Portside Wealth Group LLC now owns 2,209 shares of the industrial products company’s stock worth $539,000 after purchasing an additional 81 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of UFP Technologies by 290.3% in the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Christopher P. Litterio sold 1,829 shares of the stock in a transaction on Thursday, November 6th. The stock was 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 directly owned 10,756 shares in the company, valued at approximately $2,443,763.20. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.40% of the company’s stock.

UFP Technologies Trading Up 1.1%

NASDAQ UFPT opened at $265.17 on Thursday. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 30.73 and a beta of 1.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.36 and a current ratio of 2.41. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $289.57. The company’s 50 day moving average price is $231.97 and its 200 day moving average price is $220.13.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Monday, November 3rd. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.17. UFP Technologies had a net margin of 11.23% and a return on equity of 20.45%. The company had revenue of $154.56 million during the quarter, compared to the consensus estimate of $149.56 million. The firm’s quarterly revenue was up 6.5% on a year-over-year basis.

Analyst Ratings Changes

Several research firms recently weighed in on UFPT. Zacks Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Wall Street Zen downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $289.00.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.