UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,807 shares of the industrial products company’s stock after selling 50 shares during the quarter. Yousif Capital Management LLC’s holdings in UFP Technologies were worth $686,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in shares of UFP Technologies in the 3rd quarter worth about $32,000. Truvestments Capital LLC acquired a new position in shares of UFP Technologies in the 3rd quarter valued at $56,000. KBC Group NV grew its position in UFP Technologies by 42.4% during the third 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 during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in UFP Technologies by 97.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock valued at $86,000 after buying an additional 133 shares during the period. Finally, Tributary Capital Management LLC acquired a new position in shares of UFP Technologies during the 4th quarter valued at $122,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

UFP Technologies Stock Up 1.4 %

NASDAQ UFPT opened at $257.52 on Friday. UFP Technologies, Inc. has a 12 month low of $185.58 and a 12 month high of $366.41. The company has a market capitalization of $1.98 billion, a P/E ratio of 36.74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The company’s 50 day simple moving average is $260.00 and its 200 day simple moving average is $294.19.

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.