Moran Wealth Management LLC Has $784,000 Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Moran Wealth Management LLC lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 10.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,207 shares of the industrial products company’s stock after buying an additional 299 shares during the quarter. Moran Wealth Management LLC’s holdings in UFP Technologies were worth $784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UFPT. AlphaQuest LLC bought a new position in UFP Technologies in the 4th quarter valued at about $25,000. Truvestments Capital LLC acquired a new position in shares of UFP Technologies in the third quarter valued at approximately $56,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of UFP Technologies by 97.1% during 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 period. KBC Group NV lifted its holdings in UFP Technologies by 42.4% during the 3rd 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. Finally, Venturi Wealth Management LLC bought a new stake in UFP Technologies in the 4th quarter valued at $74,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Performance

Shares of NASDAQ:UFPT opened at $214.47 on Wednesday. UFP Technologies, Inc. has a 12-month low of $188.50 and a 12-month high of $366.41. The company’s 50 day moving average price is $252.54 and its two-hundred day moving average price is $284.26. The firm has a market cap of $1.65 billion, a PE ratio of 30.59 and a beta of 1.15. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping 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 business had revenue of $144.07 million for the quarter, compared to the consensus estimate of $141.67 million.

Insider Transactions at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the transaction, the director now owns 1,785 shares of the company’s stock, valued at $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

UFP Technologies Company 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.