EFG Asset Management North America Corp. Purchases 3,155 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

EFG Asset Management North America Corp. boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 58.6% in the fourth quarter, HoldingsChannel reports. The firm owned 8,537 shares of the industrial products company’s stock after buying an additional 3,155 shares during the quarter. EFG Asset Management North America Corp.’s holdings in UFP Technologies were worth $2,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of UFP Technologies by 39.2% in the third quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 116 shares in the last quarter. Intech Investment Management LLC purchased a new position in UFP Technologies in the third quarter worth $1,176,000. Charles Schwab Investment Management Inc. grew its stake in UFP Technologies by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock valued at $21,250,000 after purchasing an additional 2,842 shares during the period. Truvestments Capital LLC purchased a new stake in shares of UFP Technologies during the 3rd quarter valued at $56,000. Finally, FMR LLC raised its stake in shares of UFP Technologies by 54.6% during the 3rd quarter. FMR LLC now owns 1,178 shares of the industrial products company’s stock worth $373,000 after purchasing an additional 416 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now owns 1,785 shares of the company’s stock, valued at $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.17% of the company’s stock.

Analyst Ratings Changes

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

UFP Technologies Price Performance

UFP Technologies stock opened at $209.66 on Wednesday. The business’s 50 day simple moving average is $245.47 and its 200 day simple moving average is $275.64. UFP Technologies, Inc. has a 12 month low of $198.10 and a 12 month high of $366.41. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 29.91 and a beta of 1.15. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT) last issued 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 return on equity of 18.92% and a net margin of 11.74%. The firm had revenue of $144.07 million for the quarter, compared to analysts’ expectations of $141.67 million.

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.