Annex Advisory Services LLC Has $15.11 Million Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Annex Advisory Services LLC grew its holdings in UFP Technologies, Inc. (NASDAQ:UFPT) by 34.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,808 shares of the industrial products company’s stock after buying an additional 15,940 shares during the period. Annex Advisory Services LLC’s holdings in UFP Technologies were worth $15,113,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UFPT. Northwest Investment Counselors LLC acquired a new position in UFP Technologies in the 3rd quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UFP Technologies in the second quarter valued at approximately $36,000. GAMMA Investing LLC increased its stake in shares of UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 60 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in UFP Technologies by 67.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 81 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in UFP Technologies in the 3rd quarter valued at $56,000. 87.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other UFP Technologies news, VP Jason Holt sold 146 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the transaction, the vice president now directly owns 6,721 shares of the company’s stock, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the sale, the director now owns 4,049 shares of the company’s stock, valued at $1,426,462.70. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock worth $4,620,154 in the last 90 days. Company insiders own 6.17% of the company’s stock.

UFP Technologies Stock Up 1.1 %

Shares of UFPT opened at $265.04 on Monday. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $2.03 billion, a PE ratio of 37.81 and a beta of 1.04. The firm’s 50 day moving average is $275.61 and its 200-day moving average is $300.05. UFP Technologies, Inc. has a 12 month low of $152.43 and a 12 month high of $366.41.

Wall Street Analyst Weigh In

Separately, StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th.

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.