UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,504 shares of the industrial products company’s stock after selling 256 shares during the period. Rhumbline Advisers owned about 0.25% of UFP Technologies worth $4,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in UFP Technologies by 144.8% during the third quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock worth $5,136,000 after purchasing an additional 9,593 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in UFP Technologies by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock worth $21,250,000 after buying an additional 2,842 shares during the last quarter. Intech Investment Management LLC acquired a new position in UFP Technologies in the third quarter valued at approximately $1,176,000. Jane Street Group LLC grew its position in shares of UFP Technologies by 32.2% in the 3rd quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock valued at $3,668,000 after buying an additional 2,822 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in shares of UFP Technologies in the 3rd quarter valued at $9,791,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Trading Down 1.7 %

Shares of UFPT stock opened at $232.01 on Friday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 33.10 and a beta of 1.04. UFP Technologies, Inc. has a twelve month low of $188.50 and a twelve month high of $366.41. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $257.87 and a 200 day moving average price of $291.01.

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

Analyst Upgrades and Downgrades

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

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.