UFP Technologies, Inc. (NASDAQ:UFPT) was the target of a large increase in short interest in the month of April. As of April 28th, there was short interest totalling 82,528 shares, an increase of 0.4% from the April 13th total of 82,213 shares. Based on an average daily trading volume, of 13,461 shares, the short-interest ratio is presently 6.1 days.

Several research analysts have issued reports on UFPT shares. Zacks Investment Research lowered shares of UFP Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 22nd. TheStreet upgraded shares of UFP Technologies from a “c+” rating to a “b” rating in a report on Monday, May 1st.

In other UFP Technologies news, insider R Jeffrey Bailly sold 51,049 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $26.57, for a total transaction of $1,356,371.93. Following the completion of the transaction, the insider now owns 571,134 shares in the company, valued at approximately $15,175,030.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.90% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the company. Oxford Asset Management raised its stake in shares of UFP Technologies by 6.2% in 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 during the last quarter. Bank of New York Mellon Corp raised its stake in shares of UFP Technologies by 2.6% in 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 during the last quarter. Russell Investments Group Ltd. raised its stake in shares of UFP Technologies by 21.4% in 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 during the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in shares of UFP Technologies by 5.9% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 456,727 shares of the industrial products company’s stock worth $11,829,000 after buying an additional 25,380 shares during the last quarter. Finally, WCM Investment Management CA raised its stake in shares of UFP Technologies by 4.1% in the first quarter. WCM Investment Management CA now owns 273,961 shares of the industrial products company’s stock worth $7,096,000 after buying an additional 10,794 shares during the last quarter. 68.43% of the stock is owned by institutional investors.

UFP Technologies (NASDAQ:UFPT) traded up 0.75% on Friday, reaching $26.95. 40,765 shares of the company’s stock traded hands. The firm has a market cap of $194.88 million, a PE ratio of 21.58 and a beta of 0.52. The firm’s 50-day moving average is $26.03 and its 200 day moving average is $25.32. UFP Technologies has a 12 month low of $20.40 and a 12 month high of $28.45.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. UFP Technologies had a return on equity of 6.67% and a net margin of 5.68%. The company had revenue of $37.05 million during the quarter, compared to analyst estimates of $36.20 million. Equities analysts predict that UFP Technologies will post $1.39 EPS for the current year.

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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.

5 Day Chart for NASDAQ:UFPT

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