UFP Technologies, Inc. (NASDAQ:UFPT) Holdings Lifted by Panagora Asset Management Inc.

Panagora Asset Management Inc. increased its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 93.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,367 shares of the industrial products company’s stock after buying an additional 17,535 shares during the quarter. Panagora Asset Management Inc.’s holdings in UFP Technologies were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its stake in UFP Technologies by 545.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,387 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 1,172 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of UFP Technologies by 335.7% in the second quarter. Hillsdale Investment Management Inc. now owns 3,050 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 2,350 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of UFP Technologies in the first quarter worth approximately $253,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of UFP Technologies in the second quarter worth approximately $406,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of UFP Technologies by 13.1% during the first quarter. Acadian Asset Management LLC now owns 11,430 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 1,320 shares during the period. 74.17% of the stock is currently owned by hedge funds and other institutional investors.

UFPT has been the topic of a number of research analyst reports. ValuEngine downgraded shares of UFP Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Zacks Investment Research upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Thursday, August 29th. Finally, BidaskClub lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, September 6th.

UFPT traded up $0.44 during trading on Wednesday, reaching $40.04. 181 shares of the stock traded hands, compared to its average volume of 19,792. The stock’s 50-day simple moving average is $41.75 and its two-hundred day simple moving average is $38.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.77 and a quick ratio of 1.86. UFP Technologies, Inc. has a fifty-two week low of $27.80 and a fifty-two week high of $46.42. The stock has a market cap of $295.64 million, a price-to-earnings ratio of 18.95 and a beta of 0.60.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.06. UFP Technologies had a return on equity of 11.84% and a net margin of 8.56%. The company had revenue of $51.40 million for the quarter, compared to analyst estimates of $51.50 million. Research analysts anticipate that UFP Technologies, Inc. will post 2.27 earnings per share for the current fiscal year.

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. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.

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

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