Thomson Horstmann & Bryant Inc. decreased its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 2.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 445,876 shares of the industrial products company’s stock after selling 10,851 shares during the period. UFP Technologies accounts for about 1.6% of Thomson Horstmann & Bryant Inc.’s investment portfolio, making the stock its 8th largest position. Thomson Horstmann & Bryant Inc. owned 6.17% of UFP Technologies worth $12,618,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. First Quadrant L P CA bought a new stake in shares of UFP Technologies during the second quarter worth $187,000. Oppenheimer Asset Management Inc. bought a new stake in shares of UFP Technologies during the first quarter worth $590,000. Renaissance Technologies LLC boosted its stake in shares of UFP Technologies by 0.8% in the first quarter. Renaissance Technologies LLC now owns 535,400 shares of the industrial products company’s stock worth $13,867,000 after buying an additional 4,300 shares in the last quarter. Cove Street Capital LLC raised 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised 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 during the last quarter. Institutional investors and hedge funds own 64.17% of the company’s stock.
UFP Technologies, Inc. (UFPT) traded up 0.54% during midday trading on Friday, hitting $27.70. 20,156 shares of the company traded hands. The stock has a 50 day moving average of $27.98 and a 200 day moving average of $26.43. UFP Technologies, Inc. has a 12-month low of $22.79 and a 12-month high of $29.00. The stock has a market cap of $201.30 million, a P/E ratio of 22.52 and a beta of 0.18.
UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. UFP Technologies had a return on equity of 6.86% and a net margin of 6.03%. The company had revenue of $37.89 million for the quarter, compared to analyst estimates of $40 million. Equities research analysts predict that UFP Technologies, Inc. will post $1.39 EPS for the current fiscal year.
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Several research analysts have recently commented on UFPT shares. TheStreet upgraded shares of UFP Technologies from a “c+” rating to a “b” rating in a research report on Monday, May 1st. Zacks Investment Research upgraded shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 17th.
UFP Technologies Company Profile
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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