Navellier & Associates Inc. Acquires 3,373 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Navellier & Associates Inc. boosted its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 58.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,186 shares of the industrial products company’s stock after purchasing an additional 3,373 shares during the period. Navellier & Associates Inc.’s holdings in UFP Technologies were worth $2,246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV boosted 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 purchasing an additional 81 shares during the last quarter. Arete Wealth Advisors LLC boosted its position in UFP Technologies by 10.9% in the third quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 89 shares during the last quarter. Advisors Asset Management Inc. boosted its position in UFP Technologies by 39.2% in the third quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 116 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted 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 purchasing an additional 133 shares during the last quarter. Finally, Peterson Wealth Services boosted its position in UFP Technologies by 4.1% in the fourth quarter. Peterson Wealth Services now owns 4,099 shares of the industrial products company’s stock worth $1,002,000 after purchasing an additional 163 shares during the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Stock Down 4.7 %

UFPT stock opened at $254.56 on Friday. UFP Technologies, Inc. has a twelve month low of $188.50 and a twelve month high of $366.41. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.95 billion, a P/E ratio of 36.31 and a beta of 1.04. The business’s 50-day moving average price is $257.90 and its 200-day moving average price is $292.38.

Analysts Set New Price Targets

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

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.