WCM Investment Management CA boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 1.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 280,591 shares of the industrial products company’s stock after purchasing an additional 3,695 shares during the period. WCM Investment Management CA owned about 3.86% of UFP Technologies worth $7,885,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. CAPROCK Group Inc. purchased a new position in UFP Technologies in the third quarter valued at about $243,000. OxFORD Asset Management LLP boosted its stake in UFP Technologies by 166.2% in the second quarter. OxFORD Asset Management LLP now owns 47,601 shares of the industrial products company’s stock valued at $1,347,000 after acquiring an additional 29,716 shares during the last quarter. Eagle Global Advisors LLC purchased a new position in UFP Technologies in the second quarter valued at about $216,000. Cubic Asset Management LLC boosted its stake in UFP Technologies by 1.4% in the second quarter. Cubic Asset Management LLC now owns 42,999 shares of the industrial products company’s stock valued at $1,217,000 after acquiring an additional 605 shares during the last quarter. Finally, Anchor Capital Advisors LLC purchased a new position in UFP Technologies in the second quarter valued at about $758,000. 68.63% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://transcriptdaily.com/2017/11/14/ufp-technologies-inc-ufpt-holdings-raised-by-wcm-investment-management-ca.html.
UFP Technologies, Inc. (NASDAQ UFPT) remained flat at $$26.25 on Tuesday. 9,600 shares of the stock were exchanged, compared to its average volume of 22,167. The stock has a market capitalization of $190.78, a PE ratio of 24.08 and a beta of 0.18. UFP Technologies, Inc. has a 52 week low of $22.95 and a 52 week high of $31.50.
UFP Technologies (NASDAQ:UFPT) last released its earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.13). The company had revenue of $35.68 million during the quarter, compared to analysts’ expectations of $38.70 million. UFP Technologies had a net margin of 5.43% and a return on equity of 6.90%. equities analysts predict that UFP Technologies, Inc. will post 1.41 EPS for the current year.
Separately, Zacks Investment Research cut shares of UFP Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd.
About UFP Technologies
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
Want to see what other hedge funds are holding UFPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UFP Technologies, Inc. (NASDAQ:UFPT).
Receive News & Ratings for UFP Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.