Rice Hall James & Associates LLC Takes $9.02 Million Position in UFP Technologies, Inc. $UFPT

Rice Hall James & Associates LLC bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 34,034 shares of the industrial products company’s stock, valued at approximately $9,023,000. Rice Hall James & Associates LLC owned 0.44% of UFP Technologies at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in UFP Technologies in the second quarter valued at approximately $14,629,000. Global Retirement Partners LLC acquired a new stake in shares of UFP Technologies during the 2nd quarter worth approximately $366,000. Bank of New York Mellon Corp bought a new stake in shares of UFP Technologies in the 2nd quarter valued at $11,322,000. GSA Capital Partners LLP acquired a new position in shares of UFP Technologies during the 2nd quarter valued at $517,000. Finally, Maridea Wealth Management LLC bought a new position in UFP Technologies during the second quarter worth $2,095,000. 87.28% of the stock is currently owned by institutional investors.

Insider Transactions at UFP Technologies

In other UFP Technologies news, Chairman R Jeffrey Bailly sold 5,013 shares of UFP Technologies stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $317.87, for a total transaction of $1,593,482.31. Following the completion of the transaction, the chairman owned 13,011 shares in the company, valued at approximately $4,135,806.57. The trade was a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cynthia L. Feldmann sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $324.26, for a total value of $324,260.00. Following the sale, the director directly owned 4,476 shares of the company’s stock, valued at $1,451,387.76. This represents a 18.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 19,821 shares of company stock valued at $6,233,637 over the last three months. Corporate insiders own 4.59% of the company’s stock.

UFP Technologies Stock Performance

Shares of UFPT stock opened at $321.31 on Tuesday. The firm has a market capitalization of $2.49 billion, a PE ratio of 34.62 and a beta of 1.08. The firm has a fifty day simple moving average of $262.32 and a two-hundred day simple moving average of $232.74. The company has a current ratio of 3.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.26. UFP Technologies, Inc. has a 12 month low of $173.86 and a 12 month high of $338.71.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Monday, August 3rd. The industrial products company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.61. The firm had revenue of $173.96 million for the quarter, compared to the consensus estimate of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. Analysts forecast that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UFPT. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About UFP Technologies

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.