Chatham Capital Group Inc. Boosts Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Chatham Capital Group Inc. boosted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 4.0% in the first quarter, HoldingsChannel reports. The fund owned 17,233 shares of the industrial products company’s stock after purchasing an additional 660 shares during the quarter. Chatham Capital Group Inc.’s holdings in UFP Technologies were worth $3,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AlphaQuest LLC purchased a new position in UFP Technologies in the 4th quarter worth $25,000. Johnson Financial Group Inc. purchased a new position in UFP Technologies during the fourth quarter valued at $42,000. Venturi Wealth Management LLC acquired a new stake in shares of UFP Technologies in the fourth quarter valued at about $74,000. EverSource Wealth Advisors LLC increased its stake in shares of UFP Technologies by 24.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 66 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of UFP Technologies during the 4th quarter worth about $84,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,473 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $220.12, for a total transaction of $324,236.76. Following the transaction, the senior vice president now owns 12,585 shares of the company’s stock, valued at approximately $2,770,210.20. The trade was a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UFPT shares. Raymond James started coverage on UFP Technologies in a research note on Friday, March 28th. They set a “market perform” rating for the company. Lake Street Capital set a $252.00 price target on UFP Technologies and gave the stock a “buy” rating in a research report on Wednesday, May 7th.

UFP Technologies Price Performance

Shares of NASDAQ UFPT opened at $240.08 on Thursday. The firm has a 50-day simple moving average of $218.76 and a 200-day simple moving average of $242.82. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 34.25 and a beta of 1.10. UFP Technologies, Inc. has a 52 week low of $178.26 and a 52 week high of $366.41.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.42. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The company had revenue of $148.15 million during the quarter, compared to the consensus estimate of $139.93 million.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.