Ancora Advisors, LLC
stated that they own a 6.4% stake in UFP Technologies, Inc. (NASDAQ:UFPT) in a Form 13D disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, January 5th. The investor owns 464,924 shares of the stock worth $13,482,796. The reporting parties listed on the disclosure included Ancora Advisors, LLC and Frederick DiSanto. The disclosure is available through EDGAR at this hyperlink.
Ancora Advisors, LLC
provided the following explanation of their ownership:
Other institutional investors have also bought and sold shares of the company. CAPROCK Group Inc. bought a new stake in shares of UFP Technologies during the third quarter worth $243,000. OxFORD Asset Management LLP raised its position in shares of UFP Technologies by 166.2% during the second quarter. OxFORD Asset Management LLP now owns 47,601 shares of the industrial products company’s stock worth $1,347,000 after acquiring an additional 29,716 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of UFP Technologies by 2.0% during the second quarter. Renaissance Technologies LLC now owns 546,300 shares of the industrial products company’s stock worth $15,460,000 after acquiring an additional 10,900 shares during the last quarter. State Street Corp raised its position in shares of UFP Technologies by 8.1% during the second quarter. State Street Corp now owns 111,586 shares of the industrial products company’s stock worth $3,160,000 after acquiring an additional 8,341 shares during the last quarter. Finally, AJO LP bought a new stake in shares of UFP Technologies during the second quarter worth $479,000. 69.08% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research downgraded UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th.
UFP Technologies, Inc. (UFPT) traded up $0.20 during mid-day trading on Friday, hitting $29.00. The stock had a trading volume of 16,892 shares, compared to its average volume of 33,027. The company has a market capitalization of $203.13, a P/E ratio of 26.61 and a beta of 0.13. UFP Technologies, Inc. has a 12 month low of $22.95 and a 12 month 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 analysts’ consensus estimates of $0.36 by ($0.13). The firm had revenue of $35.68 million for the quarter, compared to the consensus estimate of $38.70 million. UFP Technologies had a return on equity of 6.83% and a net margin of 5.43%. sell-side analysts expect that UFP Technologies, Inc. will post 1.12 EPS for the current fiscal year.
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UFP Technologies Company Profile
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.
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