UFP Technologies, Inc. $UFPT Stock Holdings Boosted by Calamos Advisors LLC

Calamos Advisors LLC increased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 91.3% during the second quarter, Holdings Channel reports. The fund owned 3,921 shares of the industrial products company’s stock after purchasing an additional 1,871 shares during the quarter. Calamos Advisors LLC’s holdings in UFP Technologies were worth $957,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in UFP Technologies by 290.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 90 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of UFP Technologies by 179.0% during the second quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock worth $42,000 after buying an additional 111 shares during the period. GAMMA Investing LLC grew its holdings in UFP Technologies by 37.6% in the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock worth $45,000 after buying an additional 50 shares in the last quarter. State of Wyoming increased its position in UFP Technologies by 34.7% in the 1st quarter. State of Wyoming now owns 365 shares of the industrial products company’s stock valued at $74,000 after acquiring an additional 94 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in UFP Technologies in the 1st quarter valued at approximately $172,000. 87.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a research report on Wednesday, October 8th. Lake Street Capital lifted their price objective on shares of UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, UFP Technologies currently has a consensus rating of “Hold” and an average target price of $289.00.

Insider Buying and Selling at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,829 shares of UFP Technologies stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $227.20, for a total value of $415,548.80. Following the transaction, the senior vice president owned 10,756 shares of the company’s stock, valued at $2,443,763.20. The trade was a 14.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.40% of the company’s stock.

UFP Technologies Stock Down 1.2%

Shares of UFPT stock opened at $231.58 on Friday. UFP Technologies, Inc. has a 1 year low of $178.26 and a 1 year high of $327.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.53 and a current ratio of 2.77. The business’s fifty day moving average is $203.95 and its 200-day moving average is $221.51. The stock has a market cap of $1.79 billion, a PE ratio of 26.83 and a beta of 1.16.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Thursday, November 9th. The industrial products company reported $1.37 earnings per share for the quarter. UFP Technologies had a return on equity of 21.54% and a net margin of 11.40%.The business had revenue of $96.97 million during the quarter.

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.