ProShare Advisors LLC Acquires 754 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

ProShare Advisors LLC raised its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 52.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,182 shares of the industrial products company’s stock after acquiring an additional 754 shares during the quarter. ProShare Advisors LLC’s holdings in UFP Technologies were worth $576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of UFP Technologies by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock valued at $91,835,000 after acquiring an additional 26,269 shares during the period. Wasatch Advisors LP boosted its position in shares of UFP Technologies by 6.0% in the fourth quarter. Wasatch Advisors LP now owns 313,214 shares of the industrial products company’s stock worth $53,885,000 after purchasing an additional 17,708 shares during the period. Congress Asset Management Co. MA increased its stake in shares of UFP Technologies by 174.1% in the first quarter. Congress Asset Management Co. MA now owns 185,935 shares of the industrial products company’s stock worth $46,893,000 after purchasing an additional 118,106 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of UFP Technologies by 2.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock valued at $27,737,000 after purchasing an additional 2,699 shares during the period. Finally, Swedbank AB purchased a new position in shares of UFP Technologies during the 1st quarter valued at $25,220,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, CFO Ronald J. Lataille sold 11,466 shares of UFP Technologies stock in a transaction that occurred on Tuesday, August 6th. The stock was 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 approximately $13,915,114.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Ronald J. Lataille sold 1,598 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $319.37, for a total transaction of $510,353.26. Following the sale, the chief financial officer now directly owns 57,596 shares in the company, valued at approximately $18,394,434.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ronald J. Lataille sold 11,466 shares of UFP Technologies stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total value of $3,458,718.90. Following the completion of the transaction, the chief financial officer now owns 46,130 shares of the company’s stock, valued at approximately $13,915,114.50. The disclosure for this sale can be found here. Insiders sold 68,134 shares of company stock valued at $21,494,247 in the last 90 days. Insiders own 6.17% of the company’s stock.

UFP Technologies Trading Up 0.4 %

UFPT stock opened at $323.81 on Monday. 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, Inc. has a 1-year low of $127.29 and a 1-year high of $366.41. The business has a 50 day simple moving average of $323.58 and a two-hundred day simple moving average of $277.77. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 52.06 and a beta of 0.94.

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

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.