Mesirow Financial Investment Management Inc. Grows Stock Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

Mesirow Financial Investment Management Inc. grew its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 102.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,170 shares of the industrial products company’s stock after buying an additional 1,603 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in UFP Technologies were worth $775,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UFPT. Truvestments Capital LLC acquired a new position in shares of UFP Technologies during the third quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. lifted its position 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 in the last quarter. KBC Group NV lifted its position in shares of UFP Technologies by 42.4% during 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 in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of UFP Technologies during the fourth quarter worth $74,000. Finally, Advisors Asset Management Inc. lifted its position in shares of UFP Technologies by 39.2% during 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 in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

UFP Technologies Trading Up 1.9 %

UFPT opened at $220.64 on Friday. The stock has a market capitalization of $1.69 billion, a PE ratio of 31.48 and a beta of 1.15. The firm’s fifty day moving average price is $253.53 and its 200 day moving average price is $286.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. UFP Technologies, Inc. has a 12-month low of $188.50 and a 12-month high of $366.41.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.45. The firm had revenue of $144.07 million for the quarter, compared to analysts’ expectations of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

Insider Activity at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares of the company’s stock, valued at $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com cut shares of 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.