784 Shares in UFP Technologies, Inc. (NASDAQ:UFPT) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in shares of UFP Technologies, Inc. (NASDAQ:UFPT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 784 shares of the industrial products company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in UFP Technologies by 1,614.3% during the 1st 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 in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of UFP Technologies during the first quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UFP Technologies in the 2nd quarter valued at $36,000. Rothschild Investment LLC purchased a new position in UFP Technologies in the 2nd quarter worth $195,000. Finally, Townsend Asset Management Corp NC ADV acquired a new stake in UFP Technologies during the 2nd quarter worth about $209,000. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

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 stock a “buy” rating in a report on Wednesday, July 17th.

Insiders Place Their Bets

In related news, 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 value of $3,458,718.90. Following the completion of the transaction, the chief financial officer now directly owns 46,130 shares in the company, valued at $13,915,114.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Ronald J. Lataille sold 4,798 shares of UFP Technologies stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $330.44, for a total value of $1,585,451.12. Following the completion of the sale, the chief financial officer now directly owns 41,332 shares of the company’s stock, valued at $13,657,746.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ronald J. Lataille sold 11,466 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 46,130 shares in the company, valued at $13,915,114.50. The disclosure for this sale can be found here. Insiders have sold 68,134 shares of company stock valued at $21,494,247 over the last ninety days. Company insiders own 6.17% of the company’s stock.

UFP Technologies Stock Down 2.2 %

Shares of NASDAQ UFPT opened at $316.70 on Tuesday. UFP Technologies, Inc. has a 52-week low of $127.29 and a 52-week high of $366.41. The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The company’s 50-day simple moving average is $323.58 and its 200-day simple moving average is $278.35. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 50.92 and a beta of 0.94.

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

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.