SG Americas Securities LLC Reduces Position in UFP Technologies, Inc. $UFPT

SG Americas Securities LLC trimmed its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 67.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,549 shares of the industrial products company’s stock after selling 3,173 shares during the period. SG Americas Securities LLC’s holdings in UFP Technologies were worth $300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UFPT. Allspring Global Investments Holdings LLC increased its stake in UFP Technologies by 60.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 166,135 shares of the industrial products company’s stock worth $37,115,000 after purchasing an additional 62,472 shares during the period. UBS Group AG boosted its stake in shares of UFP Technologies by 22.4% during the fourth quarter. UBS Group AG now owns 189,403 shares of the industrial products company’s stock valued at $42,053,000 after purchasing an additional 34,715 shares during the period. Congress Asset Management Co. boosted its stake in shares of UFP Technologies by 32.4% during the fourth quarter. Congress Asset Management Co. now owns 441,122 shares of the industrial products company’s stock valued at $97,942,000 after purchasing an additional 107,908 shares during the period. Annex Advisory Services LLC grew its holdings in shares of UFP Technologies by 3.5% in the fourth quarter. Annex Advisory Services LLC now owns 126,884 shares of the industrial products company’s stock worth $28,172,000 after purchasing an additional 4,271 shares during the last quarter. Finally, Ashford Capital Management Inc. grew its holdings in shares of UFP Technologies by 27.8% in the fourth quarter. Ashford Capital Management Inc. now owns 96,660 shares of the industrial products company’s stock worth $21,461,000 after purchasing an additional 21,050 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a report on Friday, May 29th. Wall Street Zen upgraded shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $289.00.

UFP Technologies Trading Down 5.1%

Shares of NASDAQ UFPT opened at $236.91 on Friday. The business has a fifty day simple moving average of $233.89 and a two-hundred day simple moving average of $227.59. The company has a quick ratio of 1.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.32. UFP Technologies, Inc. has a twelve month low of $173.86 and a twelve month high of $279.49. The firm has a market cap of $1.83 billion, a PE ratio of 26.89 and a beta of 1.07.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $154.78 million. During the same quarter last year, the business posted $2.47 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts expect that UFP Technologies, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity at UFP Technologies

In other news, Director Daniel C. Croteau sold 2,864 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total value of $634,977.44. Following the sale, the director directly owned 855 shares in the company, valued at approximately $189,562.05. This trade represents a 77.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cynthia L. Feldmann sold 1,200 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $239.29, for a total transaction of $287,148.00. Following the completion of the sale, the director owned 5,476 shares in the company, valued at $1,310,352.04. The trade was a 17.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.59% of the stock is owned by company insiders.

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.