UFP Technologies, Inc. $UFPT Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 30.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,690 shares of the industrial products company’s stock after selling 26,438 shares during the period. Rockefeller Capital Management L.P.’s holdings in UFP Technologies were worth $13,253,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC increased its holdings in UFP Technologies by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 46 shares during the last quarter. Royce & Associates LP boosted its stake in shares of UFP Technologies by 0.7% during the 3rd quarter. Royce & Associates LP now owns 7,511 shares of the industrial products company’s stock valued at $1,499,000 after buying an additional 54 shares during the last quarter. Guidance Capital Inc. boosted its stake in shares of UFP Technologies by 2.8% during the 4th quarter. Guidance Capital Inc. now owns 2,337 shares of the industrial products company’s stock valued at $519,000 after buying an additional 63 shares during the last quarter. Chatham Capital Group Inc. grew its position in shares of UFP Technologies by 0.5% during the fourth quarter. Chatham Capital Group Inc. now owns 17,744 shares of the industrial products company’s stock worth $3,940,000 after buying an additional 85 shares in the last quarter. Finally, Diversify Wealth Management LLC grew its position in shares of UFP Technologies by 2.3% during the third quarter. Diversify Wealth Management LLC now owns 4,115 shares of the industrial products company’s stock worth $819,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a report on Friday, May 29th. Wall Street Zen raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $289.00.

Insiders Place Their Bets

In other UFP Technologies news, Director Daniel C. Croteau sold 2,864 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total transaction of $634,977.44. Following the completion of the sale, the director owned 855 shares in the company, valued at $189,562.05. The trade was a 77.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Cynthia L. Feldmann sold 1,200 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $239.29, for a total transaction of $287,148.00. Following the sale, the director directly owned 5,476 shares in the company, valued at $1,310,352.04. This trade represents a 17.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 4.59% of the company’s stock.

UFP Technologies Trading Up 3.6%

NASDAQ:UFPT opened at $242.95 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $218.68 and its two-hundred day moving average is $224.09. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $274.93. The company has a market cap of $1.88 billion, a PE ratio of 27.58 and a beta of 1.11.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The business had revenue of $154.20 million during the quarter, compared to the consensus estimate of $154.78 million. During the same period in the previous year, the business earned $2.47 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts predict that UFP Technologies, Inc. will post 10.23 EPS for the current year.

About UFP Technologies

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.