Deutsche Bank AG increased its position in UFP Technologies (NASDAQ:UFPT) by 141.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,843 shares of the industrial products company’s stock after purchasing an additional 8,699 shares during the period. Deutsche Bank AG’s holdings in UFP Technologies were worth $410,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Cove Street Capital LLC boosted its stake in UFP Technologies by 6.1% in the 4th quarter. Cove Street Capital LLC now owns 613,130 shares of the industrial products company’s stock worth $17,045,000 after purchasing an additional 35,150 shares in the last quarter. Renaissance Technologies LLC boosted its stake in UFP Technologies by 1.2% in the 4th quarter. Renaissance Technologies LLC now owns 563,000 shares of the industrial products company’s stock worth $15,651,000 after purchasing an additional 6,600 shares in the last quarter. BlackRock Inc. boosted its stake in UFP Technologies by 2.2% in the 4th quarter. BlackRock Inc. now owns 314,787 shares of the industrial products company’s stock worth $8,752,000 after purchasing an additional 6,801 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in UFP Technologies by 13.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 168,432 shares of the industrial products company’s stock worth $4,733,000 after purchasing an additional 19,602 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its stake in UFP Technologies by 32.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 36,285 shares of the industrial products company’s stock worth $1,009,000 after purchasing an additional 8,902 shares in the last quarter. Institutional investors own 68.35% of the company’s stock.
Shares of UFP Technologies stock opened at $32.10 on Friday. The stock has a market capitalization of $225.96 million, a P/E ratio of 25.68 and a beta of 0.09. UFP Technologies has a 1 year low of $30.70 and a 1 year high of $30.75. The company has a current ratio of 3.43, a quick ratio of 2.35 and a debt-to-equity ratio of 0.37.
A number of equities analysts recently issued reports on UFPT shares. Zacks Investment Research cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. ValuEngine upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd.
In other UFP Technologies news, VP W David Smith sold 2,242 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $33.20, for a total transaction of $74,434.40. Following the transaction, the vice president now owns 19,609 shares in the company, valued at approximately $651,018.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 6,023 shares of company stock worth $194,358 in the last 90 days. Company insiders own 12.30% of the company’s stock.
UFP Technologies Company Profile
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. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.
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