EFG International AG Invests $3.97 Million in UFP Technologies, Inc. $UFPT

EFG International AG acquired a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 15,000 shares of the industrial products company’s stock, valued at approximately $3,971,000.

A number of other large investors have also made changes to their positions in UFPT. Silvant Capital Management LLC purchased a new position in UFP Technologies in the 2nd quarter valued at about $29,000. Global Retirement Partners LLC purchased a new stake in shares of UFP Technologies during the fourth quarter worth about $28,000. Versant Capital Management Inc raised its position in shares of 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 buying an additional 155 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of 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 last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of UFP Technologies in the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

UFP Technologies Stock Up 0.1%

UFPT opened at $304.57 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 32.82 and a beta of 1.08. The business has a 50-day moving average of $272.80 and a two-hundred day moving average of $235.51. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71.

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

Insider Buying and Selling

In other UFP Technologies news, Chairman R Jeffrey Bailly sold 10,682 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $318.63, for a total transaction of $3,403,605.66. Following the transaction, the chairman owned 18,024 shares of the company’s stock, valued at $5,742,987.12. This trade represents a 37.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Symeria Hudson sold 1,926 shares of UFP Technologies stock in a transaction on Friday, August 14th. The shares were sold at an average price of $324.58, for a total transaction of $625,141.08. Following the completion of the transaction, the director owned 1,225 shares in the company, valued at approximately $397,610.50. This trade represents a 61.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 20,119 shares of company stock valued at $6,328,732. Insiders own 4.59% of the company’s stock.

UFP Technologies 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.