Thomson Horstmann & Bryant Inc. decreased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 445,876 shares of the industrial products company’s stock after selling 10,851 shares during the period. UFP Technologies comprises about 1.6% of Thomson Horstmann & Bryant Inc.’s portfolio, making the stock its 8th largest position. Thomson Horstmann & Bryant Inc. owned 6.17% of UFP Technologies worth $12,618,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. First Quadrant L P CA bought a new position in UFP Technologies during the second quarter valued at about $187,000. Oppenheimer Asset Management Inc. bought a new position in UFP Technologies during the first quarter valued at about $590,000. Renaissance Technologies LLC increased its position in UFP Technologies by 0.8% in the first quarter. Renaissance Technologies LLC now owns 535,400 shares of the industrial products company’s stock valued at $13,867,000 after buying an additional 4,300 shares in the last quarter. Cove Street Capital LLC increased its position in UFP Technologies by 49.2% in the first quarter. Cove Street Capital LLC now owns 659,223 shares of the industrial products company’s stock valued at $17,074,000 after buying an additional 217,385 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in UFP Technologies by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 124,106 shares of the industrial products company’s stock valued at $3,214,000 after buying an additional 20,292 shares in the last quarter. Hedge funds and other institutional investors own 64.12% of the company’s stock.
UFP Technologies, Inc. (UFPT) traded down 0.73% during trading on Monday, reaching $27.15. 3,422 shares of the company’s stock traded hands. UFP Technologies, Inc. has a 1-year low of $22.31 and a 1-year high of $28.55. The stock has a 50-day moving average price of $27.78 and a 200 day moving average price of $25.97. The stock has a market capitalization of $196.32 million, a P/E ratio of 21.74 and a beta of 0.18.
UFP Technologies (NASDAQ:UFPT) last released its earnings results on Wednesday, May 3rd. The industrial products company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.07. The company had revenue of $37.05 million during the quarter, compared to the consensus estimate of $36.20 million. UFP Technologies had a net margin of 6.10% and a return on equity of 6.73%. Equities research analysts expect that UFP Technologies, Inc. will post $1.39 earnings per share for the current year.
Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of UFP Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. TheStreet upgraded shares of UFP Technologies from a “c+” rating to a “b” rating in a research note on Monday, May 1st.
In other news, insider R Jeffrey Bailly sold 51,049 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $26.57, for a total value of $1,356,371.93. Following the completion of the sale, the insider now owns 571,134 shares of the company’s stock, valued at approximately $15,175,030.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.30% of the stock is currently owned by insiders.
About UFP Technologies
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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