Diamond Hill Capital Management LLC Investment Advisor Makes New $14.63 Million Investment in UFP Technologies, Inc. $UFPT

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 55,176 shares of the industrial products company’s stock, valued at approximately $14,629,000.

Other large investors also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of UFP Technologies in the 4th quarter worth $28,000. Versant Capital Management Inc increased its holdings in UFP Technologies by 1,291.7% in the second quarter. Versant Capital Management Inc now owns 167 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 155 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in UFP Technologies by 1,500.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock valued at $41,000 after buying an additional 165 shares during the period. Canada Pension Plan Investment Board acquired a new position in UFP Technologies in the second quarter valued at about $49,000. Finally, PNC Financial Services Group Inc. lifted its stake in UFP Technologies by 66.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock valued at $52,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Price Performance

Shares of UFPT stock opened at $321.76 on Monday. UFP Technologies, Inc. has a 12-month low of $173.86 and a 12-month high of $338.71. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 34.67 and a beta of 1.08. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $260.43 and a 200-day moving average of $232.25.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.61. The business had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. On average, equities research analysts forecast that UFP Technologies, Inc. will post 10.54 earnings per share for the current year.

Insider Transactions at UFP Technologies

In other UFP Technologies news, Chairman R Jeffrey Bailly sold 10,682 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $318.63, for a total value of $3,403,605.66. Following the completion of the transaction, the chairman directly owned 18,024 shares of the company’s stock, valued at approximately $5,742,987.12. The trade was a 37.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cynthia L. Feldmann sold 1,200 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $239.29, for a total value of $287,148.00. Following the completion of the sale, the director owned 5,476 shares of the company’s stock, valued at $1,310,352.04. This trade represents a 17.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 16,895 shares of company stock valued at $5,284,236. Insiders own 4.59% of the company’s stock.

Wall Street Analysts Forecast Growth

UFPT has been the subject of several analyst reports. Wall Street Zen upgraded UFP Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.