UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Truvestments Capital LLC

Truvestments Capital LLC reduced its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 78.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 192 shares of the industrial products company’s stock after selling 693 shares during the period. Truvestments Capital LLC’s holdings in UFP Technologies were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Federated Hermes Inc. lifted its stake in UFP Technologies by 98.6% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. Principal Securities Inc. acquired a new stake in UFP Technologies during the fourth quarter valued at approximately $28,000. Advisors Asset Management Inc. acquired a new stake in UFP Technologies during the first quarter valued at approximately $35,000. AJOVista LLC acquired a new stake in UFP Technologies during the fourth quarter valued at approximately $76,000. Finally, Peterson Wealth Services acquired a new stake in UFP Technologies during the fourth quarter valued at approximately $204,000. 87.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital increased their target price on shares of UFP Technologies from $344.00 to $392.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th.

UFP Technologies Trading Up 2.8 %

Shares of UFPT stock traded up $8.63 during trading hours on Friday, reaching $322.32. 43,248 shares of the stock traded hands, compared to its average volume of 76,164. UFP Technologies, Inc. has a 1-year low of $127.29 and a 1-year high of $335.61. The business has a fifty day moving average price of $276.66 and a 200 day moving average price of $233.93. The company has a quick ratio of 1.46, a current ratio of 2.87 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.47 billion, a PE ratio of 51.82 and a beta of 0.95.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter. UFP Technologies had a net margin of 11.75% and a return on equity of 17.40%. The business had revenue of $105.01 million for the quarter.

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.