Mesirow Financial Investment Management Inc. Lowers Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Mesirow Financial Investment Management Inc. decreased its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 24.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,875 shares of the industrial products company’s stock after selling 600 shares during the period. UFP Technologies makes up 2.4% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 3rd biggest position. Mesirow Financial Investment Management Inc.’s holdings in UFP Technologies were worth $473,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its holdings in shares of UFP Technologies by 98.6% during the 4th quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 73 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of UFP Technologies during the 4th quarter worth $28,000. AJOVista LLC acquired a new stake in shares of UFP Technologies during the 4th quarter worth $76,000. Fragasso Group Inc. acquired a new stake in shares of UFP Technologies during the 1st quarter worth $245,000. Finally, Peterson Wealth Services acquired a new stake in shares of UFP Technologies during the 4th quarter worth $204,000. Institutional investors own 87.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on UFPT. Lake Street Capital increased their target price on UFP Technologies from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, June 28th. CJS Securities assumed coverage on UFP Technologies in a report on Wednesday, March 20th. They set an “outperform” rating and a $255.00 target price on the stock.

UFP Technologies Price Performance

NASDAQ:UFPT traded up $6.58 during trading hours on Wednesday, hitting $290.24. The company’s stock had a trading volume of 19,583 shares, compared to its average volume of 59,333. The stock has a fifty day simple moving average of $253.39 and a 200-day simple moving average of $216.79. The company has a market capitalization of $2.23 billion, a P/E ratio of 45.60 and a beta of 0.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 1.46. UFP Technologies, Inc. has a twelve month low of $127.29 and a twelve month high of $294.43.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.66 earnings per share for the quarter. The business had revenue of $105.01 million for the quarter. UFP Technologies had a return on equity of 17.40% and a net margin of 11.75%.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.