3,331 Shares in UFP Technologies, Inc. $UFPT Acquired by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in UFP Technologies, Inc. (NASDAQ:UFPT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,331 shares of the industrial products company’s stock, valued at approximately $882,000.

A number of other institutional investors have also added to or reduced their stakes in UFPT. Silvant Capital Management LLC bought a new stake in shares of UFP Technologies during the second quarter valued at approximately $29,000. Global Retirement Partners LLC purchased a new position in UFP Technologies during the fourth quarter valued at $28,000. Versant Capital Management Inc grew its stake in UFP Technologies by 1,291.7% during the second quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 155 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in UFP Technologies by 1,500.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 165 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in UFP Technologies in the 2nd quarter valued at $49,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other UFP Technologies news, Director Cynthia Feldmann sold 1,000 shares of UFP Technologies stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $324.26, for a total transaction of $324,260.00. Following the completion of the transaction, the director directly owned 4,476 shares of the company’s stock, valued at $1,451,387.76. The trade was a 18.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marc Kozin sold 7,000 shares of the 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 sale, the director directly owned 21,112 shares in the company, valued at approximately $6,428,604. This represents a 24.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,119 shares of company stock valued at $8,460,232 in the last three months. Corporate insiders own 4.59% of the company’s stock.

UFP Technologies Trading Up 0.8%

Shares of UFPT stock opened at $288.79 on Friday. UFP Technologies, Inc. has a 1 year low of $173.86 and a 1 year high of $338.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. The stock’s 50 day simple moving average is $279.96 and its two-hundred day simple moving average is $237.38. The company has a market cap of $2.24 billion, a PE ratio of 31.12 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.42% and a net margin of 11.45%. Research analysts predict that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

UFPT has been the topic of several research analyst reports. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

UFP Technologies Company Profile

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.