UFP Technologies, Inc. (NASDAQ:UFPT) Shares Acquired by Roubaix Capital LLC

Roubaix Capital LLC raised its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,717 shares of the industrial products company’s stock after acquiring an additional 4,873 shares during the period. UFP Technologies makes up 3.3% of Roubaix Capital LLC’s holdings, making the stock its 13th biggest holding. Roubaix Capital LLC owned approximately 1.28% of UFP Technologies worth $3,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in UFPT. BNP Paribas Arbitrage SA increased its position in shares of UFP Technologies by 545.1% during the first quarter. BNP Paribas Arbitrage SA now owns 1,387 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 1,172 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of UFP Technologies during the fourth quarter valued at about $70,000. MetLife Investment Advisors LLC acquired a new stake in shares of UFP Technologies during the fourth quarter valued at about $95,000. Alambic Investment Management L.P. purchased a new position in shares of UFP Technologies in the first quarter valued at approximately $253,000. Finally, Cubic Asset Management LLC purchased a new position in shares of UFP Technologies in the first quarter valued at approximately $291,000. Institutional investors and hedge funds own 71.42% of the company’s stock.

UFPT has been the subject of several recent research reports. ValuEngine lowered shares of UFP Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research lowered shares of UFP Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, BidaskClub raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, June 12th.

Shares of NASDAQ UFPT traded down $1.01 during midday trading on Friday, hitting $41.64. The company’s stock had a trading volume of 25,367 shares, compared to its average volume of 29,317. The company’s fifty day moving average price is $41.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.90 and a quick ratio of 1.88. UFP Technologies, Inc. has a 1 year low of $27.80 and a 1 year high of $46.42. The stock has a market capitalization of $321.74 million, a price-to-earnings ratio of 19.09 and a beta of 0.54.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. UFP Technologies had a net margin of 8.56% and a return on equity of 12.03%. The company had revenue of $51.40 million during the quarter, compared to the consensus estimate of $51.50 million. As a group, equities analysts forecast that UFP Technologies, Inc. will post 2.22 EPS for the current fiscal year.

In related news, insider R Jeffrey Bailly sold 6,573 shares of UFP Technologies stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $38.53, for a total value of $253,257.69. Following the completion of the transaction, the insider now owns 496,122 shares in the company, valued at $19,115,580.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 16,219 shares of company stock valued at $626,302 in the last quarter. 11.00% of the stock is owned by insiders.

About UFP Technologies

UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.

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Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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