Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio

disclosed that they own 5.1% of UFP Technologies, Inc. (NASDAQ:UFPT) in a Form 13G disclosure that was filed with the SEC on Tuesday, September 19th. The investor owns 369,845 shares of the stock valued at approximately $9,856,369. The disclosure is available through the SEC website at this link.

Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in shares of UFP Technologies by 21.4% during the first quarter. Russell Investments Group Ltd. now owns 97,391 shares of the industrial products company’s stock worth $2,522,000 after buying an additional 17,200 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of UFP Technologies by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 41,584 shares of the industrial products company’s stock worth $1,077,000 after buying an additional 1,041 shares in the last quarter. Oxford Asset Management grew its holdings in shares of UFP Technologies by 6.2% during the first quarter. Oxford Asset Management now owns 17,885 shares of the industrial products company’s stock worth $463,000 after buying an additional 1,038 shares in the last quarter. Alambic Investment Management L.P. grew its holdings in shares of UFP Technologies by 39.0% during the first quarter. Alambic Investment Management L.P. now owns 29,431 shares of the industrial products company’s stock worth $762,000 after buying an additional 8,259 shares in the last quarter. Finally, American International Group Inc. grew its holdings in shares of UFP Technologies by 6.9% during the first quarter. American International Group Inc. now owns 3,939 shares of the industrial products company’s stock worth $102,000 after buying an additional 255 shares in the last quarter. Institutional investors own 68.21% of the company’s stock.

UFP Technologies, Inc. (UFPT) traded up 2.44% on Tuesday, reaching $27.30. The company’s stock had a trading volume of 6,967 shares. The firm’s 50-day moving average price is $27.41 and its 200 day moving average price is $26.86. The company has a market cap of $198.39 million, a P/E ratio of 22.20 and a beta of 0.20. UFP Technologies, Inc. has a 52-week low of $22.95 and a 52-week high of $29.00.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $37.89 million during the quarter, compared to analyst estimates of $40.00 million. UFP Technologies had a return on equity of 6.86% and a net margin of 6.03%. Equities analysts anticipate that UFP Technologies, Inc. will post $1.41 EPS for the current fiscal year.

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Separately, Zacks Investment Research downgraded UFP Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th.

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.

Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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