AltraVue Capital LLC Sells 8,335 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

AltraVue Capital LLC reduced its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 4.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,721 shares of the industrial products company’s stock after selling 8,335 shares during the quarter. UFP Technologies accounts for approximately 4.8% of AltraVue Capital LLC’s portfolio, making the stock its 7th largest holding. AltraVue Capital LLC owned 2.41% of UFP Technologies worth $48,742,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UFPT. Principal Securities Inc. acquired a new stake in shares of UFP Technologies in the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its position 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 valued at $30,000 after purchasing an additional 113 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of UFP Technologies in the first quarter valued at approximately $35,000. Rothschild Investment LLC acquired a new stake in shares of UFP Technologies in the second quarter valued at approximately $195,000. Finally, Townsend Asset Management Corp NC ADV acquired a new stake in shares of UFP Technologies in the second quarter valued at approximately $209,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Stock Performance

Shares of UFPT opened at $337.98 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 3.13. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 54.34 and a beta of 0.94. The company’s 50 day simple moving average is $320.02 and its 200 day simple moving average is $271.15. UFP Technologies, Inc. has a 1 year low of $127.29 and a 1 year high of $346.38.

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

Analyst Upgrades and Downgrades

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

Insider Activity at UFP Technologies

In related news, CEO R Jeffrey Bailly sold 10,887 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $310.46, for a total transaction of $3,379,978.02. Following the transaction, the chief executive officer now owns 143,970 shares of the company’s stock, valued at $44,696,926.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other UFP Technologies news, CEO R Jeffrey Bailly sold 10,887 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $310.46, for a total transaction of $3,379,978.02. Following the transaction, the chief executive officer now owns 143,970 shares of the company’s stock, valued at $44,696,926.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ronald J. Lataille sold 11,466 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 46,130 shares in the company, valued at approximately $13,915,114.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,134 shares of company stock valued at $21,494,247. Company insiders own 6.17% of the company’s stock.

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.