Emerald Acquisition Ltd. acquired a new position in UFP Technologies Inc. (NASDAQ:UFPT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 51,000 shares of the company’s stock, valued at approximately $1,149,000. Emerald Acquisition Ltd. owned 0.71% of UFP Technologies as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System acquired a new position in UFP Technologies during the second quarter worth $303,000. Bank of New York Mellon Corp raised its position in UFP Technologies by 171.3% in the second quarter. Bank of New York Mellon Corp now owns 39,529 shares of the company’s stock worth $890,000 after buying an additional 24,960 shares during the period. Thomson Horstmann & Bryant Inc. raised its position in UFP Technologies by 12.8% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 317,104 shares of the company’s stock worth $7,147,000 after buying an additional 36,040 shares during the period. Renaissance Technologies LLC raised its position in UFP Technologies by 2.4% in the first quarter. Renaissance Technologies LLC now owns 515,100 shares of the company’s stock worth $11,471,000 after buying an additional 12,300 shares during the period. Finally, Geode Capital Management LLC raised its position in UFP Technologies by 2.9% in the first quarter. Geode Capital Management LLC now owns 29,300 shares of the company’s stock worth $652,000 after buying an additional 817 shares during the period. 65.68% of the stock is owned by hedge funds and other institutional investors.
Shares of UFP Technologies Inc. (NASDAQ:UFPT) traded down 2.18% during trading on Friday, reaching $25.56. The company had a trading volume of 5,513 shares. The company has a market capitalization of $183.85 million, a PE ratio of 24.82 and a beta of 0.55. The stock’s 50-day moving average price is $25.74 and its 200-day moving average price is $23.47. UFP Technologies Inc. has a 52 week low of $20.40 and a 52 week high of $27.35.
UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Tuesday, August 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.19. The company earned $37.90 million during the quarter, compared to analyst estimates of $36.50 million. UFP Technologies had a return on equity of 7.23% and a net margin of 5.31%. On average, equities analysts expect that UFP Technologies Inc. will post $1.35 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised UFP Technologies from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Saturday, September 17th. TheStreet raised UFP Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 19th.
UFP Technologies Company Profile
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
Want to see what other hedge funds are holding UFPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UFP Technologies Inc. (NASDAQ:UFPT).
Receive News & Ratings for UFP Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.