SG Americas Securities LLC Has $543,000 Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

SG Americas Securities LLC lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 95.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,220 shares of the industrial products company’s stock after purchasing an additional 1,085 shares during the quarter. SG Americas Securities LLC’s holdings in UFP Technologies were worth $543,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UFPT. Wasatch Advisors LP increased its holdings in UFP Technologies by 65.4% during the 3rd quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock worth $133,188,000 after purchasing an additional 166,262 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of UFP Technologies by 340.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company’s stock valued at $9,610,000 after buying an additional 30,372 shares during the period. Eagle Asset Management Inc. purchased a new stake in UFP Technologies during the third quarter valued at about $9,791,000. Franklin Resources Inc. lifted its stake in shares of UFP Technologies by 39.4% during the 3rd quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock valued at $28,904,000 after buying an additional 26,001 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in shares of UFP Technologies by 34.8% in the fourth quarter. Annex Advisory Services LLC now owns 61,808 shares of the industrial products company’s stock worth $15,113,000 after acquiring an additional 15,940 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insider Buying and Selling

In related news, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the transaction, the director now owns 4,049 shares in the company, valued at $1,426,462.70. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jason Holt sold 146 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the transaction, the vice president now directly owns 6,721 shares in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,326 shares of company stock worth $4,620,154 in the last quarter. 6.17% of the stock is owned by insiders.

UFP Technologies Stock Performance

UFP Technologies stock opened at $274.66 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The firm’s fifty day moving average price is $268.13 and its 200-day moving average price is $298.08. UFP Technologies, Inc. has a fifty-two week low of $167.51 and a fifty-two week high of $366.41. The stock has a market cap of $2.11 billion, a P/E ratio of 39.18 and a beta of 1.04.

Wall Street Analysts Forecast Growth

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

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.