2,572 Shares in UFP Technologies, Inc. $UFPT Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 2,572 shares of the industrial products company’s stock, valued at approximately $682,000.

A number of other large investors have also recently made changes to their positions in the business. Silvant Capital Management LLC purchased a new stake in UFP Technologies during the second quarter valued at approximately $29,000. Global Retirement Partners LLC purchased a new stake in UFP Technologies in the fourth quarter worth $28,000. Versant Capital Management Inc lifted its holdings in UFP Technologies by 1,291.7% during the 2nd quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock valued at $44,000 after buying an additional 155 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in UFP Technologies by 1,500.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 165 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of UFP Technologies during the second quarter valued at $49,000. 87.28% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman R Jeffrey Bailly sold 5,013 shares of UFP Technologies stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $317.87, for a total transaction of $1,593,482.31. Following the completion of the transaction, the chairman directly owned 13,011 shares of the company’s stock, valued at $4,135,806.57. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc D. Kozin sold 7,000 shares of UFP Technologies stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $304.50, for a total transaction of $2,131,500.00. Following the completion of the transaction, the director directly owned 21,112 shares of the company’s stock, valued at $6,428,604. The trade was a 24.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,119 shares of company stock worth $8,460,232 over the last 90 days. Company insiders own 4.59% of the company’s stock.

UFP Technologies Price Performance

Shares of NASDAQ UFPT opened at $300.05 on Friday. The business’s 50 day moving average price is $275.23 and its 200 day moving average price is $236.19. The firm has a market cap of $2.33 billion, a P/E ratio of 32.33 and a beta of 1.08. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $338.71.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.61. The firm had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. On average, sell-side analysts expect that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings raised shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Wall Street Zen raised UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.