OxFORD Asset Management LLP lifted its stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 166.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,601 shares of the industrial products company’s stock after acquiring an additional 29,716 shares during the quarter. OxFORD Asset Management LLP owned 0.66% of UFP Technologies worth $1,347,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of UFP Technologies by 0.8% during the first quarter. Renaissance Technologies LLC now owns 535,400 shares of the industrial products company’s stock worth $13,867,000 after acquiring an additional 4,300 shares in the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of UFP Technologies during the second quarter worth $216,000. Cubic Asset Management LLC raised its holdings in shares of UFP Technologies by 1.4% during the second quarter. Cubic Asset Management LLC now owns 42,999 shares of the industrial products company’s stock worth $1,217,000 after acquiring an additional 605 shares in the last quarter. Anchor Capital Advisors LLC purchased a new stake in shares of UFP Technologies during the second quarter worth $758,000. Finally, Martingale Asset Management L P purchased a new stake in shares of UFP Technologies during the second quarter worth $552,000. 68.21% of the stock is owned by institutional investors and hedge funds.
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Separately, Zacks Investment Research lowered UFP Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th.
Shares of UFP Technologies, Inc. (UFPT) opened at 28.15 on Thursday. UFP Technologies, Inc. has a one year low of $22.95 and a one year high of $29.05. The stock has a market capitalization of $204.57 million, a price-to-earnings ratio of 22.89 and a beta of 0.20. The company’s 50 day moving average price is $27.51 and its 200 day moving average price is $27.22.
UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $37.89 million during the quarter, compared to analyst estimates of $40.00 million. UFP Technologies had a net margin of 6.03% and a return on equity of 6.86%. On average, analysts expect that UFP Technologies, Inc. will post $1.41 earnings per share for the current fiscal year.
About UFP Technologies
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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