Quantum Capital Management Buys 10,890 Shares of UFP Technologies, Inc. (UFPT)

Quantum Capital Management boosted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,879 shares of the industrial products company’s stock after purchasing an additional 10,890 shares during the period. Quantum Capital Management’s holdings in UFP Technologies were worth $1,576,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of UFP Technologies by 16.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 222,278 shares of the industrial products company’s stock valued at $6,557,000 after acquiring an additional 31,173 shares during the period. Acadian Asset Management LLC increased its holdings in shares of UFP Technologies by 137.0% in the 2nd quarter. Acadian Asset Management LLC now owns 7,337 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 4,241 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of UFP Technologies in the 2nd quarter valued at $1,398,000. First Trust Advisors LP acquired a new position in shares of UFP Technologies in the 2nd quarter valued at $231,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of UFP Technologies by 19.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,195 shares of the industrial products company’s stock valued at $1,857,000 after acquiring an additional 9,696 shares during the period. 68.83% of the stock is owned by hedge funds and other institutional investors.

Shares of UFPT opened at $37.14 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 2.74. The firm has a market capitalization of $258.06 million, a price-to-earnings ratio of 29.71 and a beta of 0.12. UFP Technologies, Inc. has a 1 year low of $26.02 and a 1 year high of $39.98.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $47.81 million for the quarter, compared to analysts’ expectations of $49.80 million. UFP Technologies had a net margin of 7.13% and a return on equity of 10.74%. As a group, equities research analysts expect that UFP Technologies, Inc. will post 2.12 EPS for the current year.

A number of equities analysts have recently commented on the stock. ValuEngine raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut shares of UFP Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 31st. BidaskClub cut shares of UFP Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 5th. Finally, Taglich Brothers reaffirmed a “buy” rating on shares of UFP Technologies in a report on Wednesday, August 29th.

In other UFP Technologies news, insider R Jeffrey Bailly sold 20,941 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $35.50, for a total value of $743,405.50. Following the transaction, the insider now directly owns 535,321 shares of the company’s stock, valued at approximately $19,003,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ronald J. Lataille sold 10,548 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $36.04, for a total transaction of $380,149.92. The disclosure for this sale can be found here. Insiders sold a total of 57,319 shares of company stock worth $2,044,353 over the last three months. 12.30% of the stock is currently owned by corporate insiders.

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UFP Technologies Profile

UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.

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Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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