KLP Kapitalforvaltning AS Takes $367,000 Position in UFP Technologies, Inc. (NASDAQ:UFPT)

KLP Kapitalforvaltning AS bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,500 shares of the industrial products company’s stock, valued at approximately $367,000.

Other large investors have also bought and sold shares of the company. AlphaQuest LLC acquired a new position in shares of UFP Technologies in the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC acquired a new stake in shares of UFP Technologies during the fourth quarter worth $74,000. EverSource Wealth Advisors LLC lifted its position in UFP Technologies by 24.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 66 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in UFP Technologies by 97.1% in 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. Finally, KBC Group NV increased its holdings in UFP Technologies by 37.9% during the 4th quarter. KBC Group NV now owns 375 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 103 shares in the last quarter. 87.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UFPT. StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Raymond James started coverage on UFP Technologies in a research report on Friday, March 28th. They issued a “market perform” rating on the stock.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.17% of the company’s stock.

UFP Technologies Stock Down 3.5 %

UFP Technologies stock opened at $186.83 on Friday. 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, Inc. has a 1-year low of $181.28 and a 1-year high of $366.41. The company has a fifty day simple moving average of $235.04 and a 200 day simple moving average of $269.61. The company has a market cap of $1.43 billion, a P/E ratio of 26.65 and a beta of 1.15.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The company had revenue of $144.07 million during 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.