UFP Technologies, Inc. (NASDAQ:UFPT) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 87,600 shares, a growth of 69.1% from the May 30th total of 51,800 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 26,100 shares, the days-to-cover ratio is currently 3.4 days.
UFPT traded down $0.13 on Thursday, reaching $40.12. 12,400 shares of the company’s stock were exchanged, compared to its average volume of 23,186. The firm has a market capitalization of $310.53 million, a PE ratio of 19.10 and a beta of 0.53. UFP Technologies has a twelve month low of $27.80 and a twelve month high of $42.87. The business has a fifty day moving average price of $39.56. The company has a current ratio of 2.90, a quick ratio of 1.88 and a debt-to-equity ratio of 0.15.
UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Tuesday, May 7th. The industrial products company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.10. The company had revenue of $47.33 million for the quarter, compared to analyst estimates of $45.10 million. UFP Technologies had a net margin of 8.35% and a return on equity of 11.79%. Analysts expect that UFP Technologies will post 2.22 EPS for the current year.
In related news, CEO R Jeffrey Bailly sold 1,966 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $38.57, for a total transaction of $75,828.62. Following the transaction, the chief executive officer now directly owns 476,879 shares in the company, valued at $18,393,223.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 16,219 shares of company stock worth $626,302 over the last 90 days. 11.00% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Quantum Capital Management boosted its holdings in UFP Technologies by 0.7% in the 1st quarter. Quantum Capital Management now owns 47,689 shares of the industrial products company’s stock valued at $1,784,000 after purchasing an additional 335 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in UFP Technologies by 545.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,387 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 1,172 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in UFP Technologies by 13.1% in the 1st quarter. Acadian Asset Management LLC now owns 11,430 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 1,320 shares during the last quarter. Anchor Capital Advisors LLC boosted its holdings in UFP Technologies by 4.5% in the 1st quarter. Anchor Capital Advisors LLC now owns 42,696 shares of the industrial products company’s stock valued at $1,597,000 after purchasing an additional 1,831 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in UFP Technologies in the 4th quarter valued at about $70,000. Institutional investors own 70.73% of the company’s stock.
A number of equities analysts recently weighed in on UFPT shares. BidaskClub lowered shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 12th. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th.
UFP Technologies Company Profile
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.
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