Motley Fool Wealth Management LLC Invests $5.19 Million in UFP Technologies, Inc. $UFPT

Motley Fool Wealth Management LLC purchased a new position in UFP Technologies, Inc. (NASDAQ:UFPT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,273 shares of the industrial products company’s stock, valued at approximately $5,194,000. Motley Fool Wealth Management LLC owned approximately 0.28% of UFP Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in UFP Technologies by 290.3% in the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. GAMMA Investing LLC raised its stake in UFP Technologies by 37.6% in the second quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 50 shares in the last quarter. State of Wyoming raised its stake in UFP Technologies by 34.7% in the first quarter. State of Wyoming now owns 365 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 94 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in UFP Technologies in the first quarter valued at approximately $172,000. Finally, Sowell Financial Services LLC purchased a new stake in UFP Technologies in the second quarter valued at approximately $213,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Stock Down 0.5%

Shares of NASDAQ UFPT opened at $200.01 on Tuesday. UFP Technologies, Inc. has a one year low of $178.26 and a one year high of $354.22. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.77 and a quick ratio of 1.53. The firm’s 50 day simple moving average is $202.77 and its two-hundred day simple moving average is $220.61. The stock has a market capitalization of $1.54 billion, a P/E ratio of 23.18 and a beta of 1.19.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Thursday, November 9th. The industrial products company reported $1.37 EPS for the quarter. UFP Technologies had a net margin of 11.40% and a return on equity of 21.54%. The business had revenue of $96.97 million for the quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UFPT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research note on Wednesday, October 8th. Lake Street Capital raised their target price on shares of UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, UFP Technologies currently has an average rating of “Hold” and a consensus target price of $289.00.

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.