UFP Technologies, Inc. (UFPT) Position Reduced by First Quadrant L P CA
First Quadrant L P CA trimmed its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 24.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,990 shares of the industrial products company’s stock after selling 1,609 shares during the period. First Quadrant L P CA owned approximately 0.07% of UFP Technologies worth $140,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Nationwide Fund Advisors lifted its stake in UFP Technologies by 7.8% during the 3rd quarter. Nationwide Fund Advisors now owns 43,975 shares of the industrial products company’s stock valued at $1,236,000 after acquiring an additional 3,200 shares during the period. CAPROCK Group Inc. acquired a new stake in UFP Technologies during the 3rd quarter valued at approximately $243,000. The Manufacturers Life Insurance Company lifted its stake in UFP Technologies by 21.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,998 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 1,237 shares during the period. State Street Corp lifted its stake in UFP Technologies by 8.1% during the 2nd quarter. State Street Corp now owns 111,586 shares of the industrial products company’s stock valued at $3,160,000 after acquiring an additional 8,341 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its stake in UFP Technologies by 7.3% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 192,000 shares of the industrial products company’s stock valued at $5,434,000 after acquiring an additional 13,100 shares during the period. Institutional investors and hedge funds own 68.19% of the company’s stock.
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UFP Technologies, Inc. (NASDAQ:UFPT) opened at $26.75 on Wednesday. UFP Technologies, Inc. has a 12 month low of $22.95 and a 12 month high of $31.50. The stock has a market cap of $194.05, a price-to-earnings ratio of 24.50 and a beta of 0.18.
UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.13). UFP Technologies had a net margin of 5.43% and a return on equity of 6.90%. The firm had revenue of $35.68 million during the quarter, compared to analyst estimates of $38.70 million. research analysts expect that UFP Technologies, Inc. will post 1.41 EPS for the current year.
Separately, Zacks Investment Research cut shares of UFP Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th.
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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