UFP Technologies, Inc. (NASDAQ:UFPT) Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC boosted its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 4.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,868 shares of the industrial products company’s stock after buying an additional 2,142 shares during the quarter. Annex Advisory Services LLC owned approximately 0.60% of UFP Technologies worth $14,526,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UFPT. EverSource Wealth Advisors LLC boosted its stake in shares of UFP Technologies by 1,614.3% in the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 113 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in UFP Technologies in the 1st quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in UFP Technologies during the 2nd quarter worth $36,000. GAMMA Investing LLC grew its holdings in shares of UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after buying an additional 60 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new stake in shares of UFP Technologies in the third quarter valued at about $222,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upped their price objective 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 Stock Up 2.6 %

Shares of NASDAQ:UFPT opened at $312.76 on Friday. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week high of $366.41. The stock has a market cap of $2.40 billion, a P/E ratio of 48.72 and a beta of 0.93. The business has a fifty day moving average of $319.27 and a two-hundred day moving average of $283.50. 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 (NASDAQ:UFPT) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share for the quarter. UFP Technologies had a net margin of 11.87% and a return on equity of 17.53%. The firm had revenue of $110.18 million for the quarter.

Insider Activity

In other news, CFO Ronald J. Lataille sold 11,466 shares of UFP Technologies stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $301.65, for a total transaction of $3,458,718.90. Following the sale, the chief financial officer now owns 46,130 shares of the company’s stock, valued at approximately $13,915,114.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Ronald J. Lataille sold 11,466 shares of the firm’s 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 sale, the chief financial officer now directly owns 46,130 shares of the company’s stock, valued at approximately $13,915,114.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R Jeffrey Bailly sold 1,083 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $310.36, for a total transaction of $336,119.88. Following the completion of the transaction, the chief executive officer now directly owns 139,341 shares in the company, valued at $43,245,872.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,134 shares of company stock valued at $21,494,247 in the last 90 days. Company insiders own 6.17% of the company’s stock.

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.