Riverchase Wealth Management LLC Takes $281,000 Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Riverchase Wealth Management LLC bought a new position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,149 shares of the industrial products company’s stock, valued at approximately $281,000.

A number of other large investors have also made changes to their positions in the stock. Illinois Municipal Retirement Fund boosted its position in shares of UFP Technologies by 1.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company’s stock worth $1,041,000 after buying an additional 52 shares during the period. EverSource Wealth Advisors LLC increased its stake in UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 66 shares during the period. Anchor Capital Advisors LLC lifted its stake in shares of UFP Technologies by 1.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company’s stock worth $1,108,000 after acquiring an additional 69 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of UFP Technologies by 1.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company’s stock worth $1,435,000 after purchasing an additional 70 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in UFP Technologies by 11.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 862 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 87 shares during the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Trading Down 0.1 %

NASDAQ UFPT opened at $203.23 on Friday. The firm has a market capitalization of $1.56 billion, a PE ratio of 28.99 and a beta of 1.15. UFP Technologies, Inc. has a one year low of $198.10 and a one year high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The company has a 50-day simple moving average of $243.26 and a 200-day simple moving average of $274.64.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.01 by $0.45. The firm had revenue of $144.07 million for the quarter, compared to analysts’ expectations of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Insider Buying and Selling

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the transaction, the director now owns 1,785 shares in the company, valued at $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 6.17% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

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.