UFP Technologies, Inc. (NASDAQ:UFPT) Shares Acquired by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,532 shares of the industrial products company’s stock after buying an additional 69 shares during the quarter. Anchor Capital Advisors LLC’s holdings in UFP Technologies were worth $1,108,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in UFP Technologies in the 3rd quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in UFP Technologies by 97.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock worth $86,000 after buying an additional 133 shares in the last quarter. KBC Group NV lifted its holdings in UFP Technologies by 42.4% in the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after buying an additional 81 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in UFP Technologies in the 4th quarter worth $74,000. Finally, Advisors Asset Management Inc. lifted its holdings in UFP Technologies by 39.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company’s stock worth $130,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Stock Performance

Shares of UFPT stock opened at $227.59 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. UFP Technologies, Inc. has a one year low of $188.50 and a one year high of $366.41. The company’s 50-day simple moving average is $257.59 and its 200-day simple moving average is $290.60. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 32.47 and a beta of 1.04.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly 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. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $144.07 million for the quarter, compared to analysts’ expectations of $141.67 million.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a 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.