Huber Capital Management LLC Raises Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Huber Capital Management LLC boosted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 43.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,630 shares of the industrial products company’s stock after buying an additional 2,000 shares during the quarter. Huber Capital Management LLC’s holdings in UFP Technologies were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. UBS Group AG raised its position in UFP Technologies by 13.3% during the 1st quarter. UBS Group AG now owns 1,898 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 223 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in UFP Technologies by 4.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,998 shares of the industrial products company’s stock valued at $459,000 after purchasing an additional 338 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in UFP Technologies by 10.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,980 shares of the industrial products company’s stock valued at $286,000 after purchasing an additional 459 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in UFP Technologies during the 2nd quarter valued at approximately $36,000. Finally, Janus Henderson Group PLC raised its position in UFP Technologies by 17.4% during the 1st quarter. Janus Henderson Group PLC now owns 7,035 shares of the industrial products company’s stock valued at $350,000 after purchasing an additional 1,044 shares during the last quarter. Institutional investors own 81.81% of the company’s stock.

Shares of NASDAQ:UFPT traded up $0.15 during trading on Thursday, hitting $63.49. The stock had a trading volume of 40 shares, compared to its average volume of 23,659. UFP Technologies, Inc. has a 12 month low of $36.69 and a 12 month high of $71.17. The company has a market capitalization of $477.89 million, a PE ratio of 29.88 and a beta of 0.96. The firm’s fifty day moving average is $64.69 and its 200 day moving average is $58.82.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Tuesday, August 3rd. The industrial products company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. UFP Technologies had a return on equity of 8.95% and a net margin of 8.54%. The company had revenue of $50.66 million during the quarter, compared to analyst estimates of $46.50 million. As a group, equities analysts expect that UFP Technologies, Inc. will post 2.42 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised UFP Technologies from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Friday, August 20th.

UFP Technologies Profile

UFP Technologies, Inc engages in the provision of engineering products and components to customers in the aerospace and defense, automotive, consumer, electronics, and industrial markets. Its manufacturing operations include cutting, routing, molding, vacuum-forming, laminating, radio frequency and impulse welding, and assembling.

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Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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