First National Advisers LLC Invests $571,000 in UFP Technologies, Inc. (NASDAQ:UFPT)

First National Advisers LLC purchased a new position in UFP Technologies, Inc. (NASDAQ:UFPT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,337 shares of the industrial products company’s stock, valued at approximately $571,000.

Other institutional investors have also recently made changes to their positions in the company. AlphaQuest LLC bought a new position in shares of UFP Technologies in the fourth quarter worth $25,000. Truvestments Capital LLC purchased a new position in UFP Technologies in the third quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. grew its position in UFP Technologies by 97.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 133 shares in the last quarter. KBC Group NV grew its position in UFP Technologies by 42.4% in the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 81 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in UFP Technologies in the fourth quarter worth $74,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Up 0.5 %

Shares of NASDAQ:UFPT opened at $210.70 on Monday. The firm has a fifty day moving average of $250.44 and a 200 day moving average of $281.64. 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 52-week low of $188.50 and a 52-week high of $366.41. The firm has a market capitalization of $1.62 billion, a PE ratio of 30.06 and a beta of 1.15.

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

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.17% of the company’s stock.

UFP Technologies Profile

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.