Inspire Advisors LLC Decreases Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Inspire Advisors LLC decreased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 44.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,031 shares of the industrial products company’s stock after selling 809 shares during the period. Inspire Advisors LLC’s holdings in UFP Technologies were worth $252,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UFPT. Wasatch Advisors LP increased its stake in UFP Technologies by 65.4% in the 3rd quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after buying an additional 166,262 shares during the last quarter. Boston Trust Walden Corp bought a new position in shares of UFP Technologies during the 4th quarter valued at approximately $26,395,000. Raymond James Financial Inc. bought a new position in shares of UFP Technologies during the 4th quarter valued at approximately $16,808,000. Congress Asset Management Co. grew its position in shares of UFP Technologies by 14.2% during the 4th quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company’s stock valued at $68,787,000 after acquiring an additional 35,022 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of UFP Technologies by 340.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company’s stock valued at $9,610,000 after acquiring an additional 30,372 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the transaction, the director now directly owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.17% of the stock is owned by insiders.

UFP Technologies Stock Down 2.3 %

UFP Technologies stock opened at $209.51 on Thursday. UFP Technologies, Inc. has a twelve month low of $188.50 and a twelve month high of $366.41. The firm has a 50 day moving average price of $251.84 and a 200-day moving average price of $283.74. The company has a market capitalization of $1.61 billion, a P/E ratio of 29.89 and a beta of 1.15. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data 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 company had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

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.