Applied Fundamental Research LLC Has $10.96 Million Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Applied Fundamental Research LLC lowered its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,841 shares of the industrial products company’s stock after selling 4,133 shares during the quarter. UFP Technologies comprises 8.6% of Applied Fundamental Research LLC’s investment portfolio, making the stock its 6th biggest holding. Applied Fundamental Research LLC owned about 0.58% of UFP Technologies worth $10,964,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. AlphaQuest LLC bought a new stake in shares of UFP Technologies during the 4th quarter valued at about $25,000. Truvestments Capital LLC acquired a new position in UFP Technologies in the third quarter valued at approximately $56,000. Venturi Wealth Management LLC bought a new position in shares of UFP Technologies during the 4th quarter worth approximately $74,000. EverSource Wealth Advisors LLC grew its position in shares of UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock worth $81,000 after buying an additional 66 shares during the period. Finally, KBC Group NV increased its stake in shares of UFP Technologies by 42.4% in the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 81 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

UFP Technologies Trading Up 0.5 %

Shares of UFP Technologies stock opened at $210.70 on Monday. The stock has a market capitalization of $1.62 billion, a PE ratio of 30.06 and a beta of 1.15. UFP Technologies, Inc. has a 52 week low of $188.50 and a 52 week high of $366.41. The stock has a 50 day moving average price of $250.44 and a two-hundred day moving average price of $281.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $144.07 million during the quarter, compared to analyst estimates of $141.67 million.

Insider Activity at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the sale, the director now directly owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. This represents a 79.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.17% of the stock is owned by insiders.

About UFP Technologies

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.