Eagle Ridge Investment Management Has $655,000 Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

Eagle Ridge Investment Management trimmed its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,067 shares of the industrial products company’s stock after selling 304 shares during the period. Eagle Ridge Investment Management’s holdings in UFP Technologies were worth $655,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UFPT. Swedbank AB acquired a new stake in UFP Technologies during the 1st quarter worth $25,220,000. Price T Rowe Associates Inc. MD grew its stake in shares of UFP Technologies by 2,331.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,134 shares of the industrial products company’s stock worth $10,879,000 after purchasing an additional 41,360 shares during the period. Lord Abbett & CO. LLC increased its holdings in UFP Technologies by 83.1% in the first quarter. Lord Abbett & CO. LLC now owns 74,510 shares of the industrial products company’s stock valued at $18,791,000 after purchasing an additional 33,806 shares during the last quarter. Norden Group LLC lifted its stake in UFP Technologies by 1,464.8% in the first quarter. Norden Group LLC now owns 31,405 shares of the industrial products company’s stock valued at $7,920,000 after buying an additional 29,398 shares during the period. Finally, Vanguard Group Inc. lifted its stake in UFP Technologies by 5.2% in the fourth quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock valued at $91,835,000 after buying an additional 26,269 shares during the period. 87.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital boosted their target price on UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th.

Insider Activity at UFP Technologies

In other UFP Technologies news, CEO R Jeffrey Bailly sold 10,887 shares of UFP Technologies stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $310.46, for a total value of $3,379,978.02. Following the transaction, the chief executive officer now owns 143,970 shares of the company’s stock, valued at approximately $44,696,926.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Ronald J. Lataille sold 11,466 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $301.65, for a total transaction of $3,458,718.90. Following the completion of the transaction, the chief financial officer now directly owns 46,130 shares in the company, valued at approximately $13,915,114.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R Jeffrey Bailly sold 10,887 shares of UFP Technologies stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $310.46, for a total value of $3,379,978.02. Following the completion of the sale, the chief executive officer now directly owns 143,970 shares in the company, valued at approximately $44,696,926.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 68,134 shares of company stock worth $21,494,247. 6.17% of the stock is owned by company insiders.

UFP Technologies Price Performance

Shares of UFPT stock opened at $278.32 on Friday. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. UFP Technologies, Inc. has a 12-month low of $127.29 and a 12-month high of $366.41. The firm has a fifty day moving average of $317.26 and a 200-day moving average of $286.24. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 43.35 and a beta of 0.93.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter. The firm had revenue of $110.18 million during the quarter. UFP Technologies had a return on equity of 17.53% and a net margin of 11.87%.

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.