GAMMA Investing LLC Acquires 60 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

GAMMA Investing LLC raised its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 77.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 137 shares of the industrial products company’s stock after buying an additional 60 shares during the period. GAMMA Investing LLC’s holdings in UFP Technologies were worth $43,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of UFP Technologies by 1,614.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 113 shares during the last quarter. Advisors Asset Management Inc. bought a new position in UFP Technologies during the first quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UFP Technologies in the second quarter valued at $36,000. Rothschild Investment LLC bought a new position in shares of UFP Technologies in the second quarter valued at about $195,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of UFP Technologies during the 2nd quarter worth about $207,000. 87.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at UFP Technologies

In related news, CFO Ronald J. Lataille sold 1,598 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $319.37, for a total transaction of $510,353.26. Following the sale, the chief financial officer now owns 57,596 shares in the company, valued at $18,394,434.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Ronald J. Lataille sold 11,466 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $301.65, for a total value of $3,458,718.90. Following the sale, the chief financial officer now owns 46,130 shares of the company’s stock, valued at $13,915,114.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ronald J. Lataille sold 1,598 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $319.37, for a total value of $510,353.26. Following the transaction, the chief financial officer now directly owns 57,596 shares of the company’s stock, valued at approximately $18,394,434.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,134 shares of company stock worth $21,494,247 over the last quarter. Corporate insiders own 6.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital increased their price target on shares of UFP Technologies from $344.00 to $392.00 and gave the company a “buy” rating in a report on Wednesday, July 17th.

UFP Technologies Stock Down 3.0 %

UFPT stock opened at $309.39 on Friday. UFP Technologies, Inc. has a fifty-two week low of $127.29 and a fifty-two week high of $366.41. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 48.19 and a beta of 0.93. The business’s fifty day moving average price is $319.98 and its two-hundred day moving average price is $284.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 1.63.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.86 EPS for the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%. The company had revenue of $110.18 million for the quarter.

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.