Principal Securities Inc. Grows Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Principal Securities Inc. increased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 110.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 444 shares of the industrial products company’s stock after acquiring an additional 233 shares during the period. Principal Securities Inc.’s holdings in UFP Technologies were worth $109,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UFPT. Truvestments Capital LLC acquired a new stake in UFP Technologies in the third quarter valued at $56,000. KBC Group NV raised its holdings in 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of UFP Technologies by 97.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 133 shares during the period. Tributary Capital Management LLC purchased a new position in UFP Technologies during the fourth quarter worth about $122,000. Finally, Advisors Asset Management Inc. increased its stake in shares of UFP Technologies by 39.2% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analyst Ratings Changes

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

UFP Technologies Trading Up 9.4 %

NASDAQ:UFPT opened at $263.52 on Wednesday. The business’s 50-day simple moving average is $257.78 and its 200 day simple moving average is $291.72. UFP Technologies, Inc. has a one year low of $188.50 and a one year high of $366.41. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 37.59 and a beta of 1.04. 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 posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.45. The business had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

UFP Technologies 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.