Hillsdale Investment Management Inc. Purchases 2,350 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Hillsdale Investment Management Inc. increased its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 335.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,050 shares of the industrial products company’s stock after purchasing an additional 2,350 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in UFP Technologies were worth $127,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake in UFP Technologies by 545.1% in the first quarter. BNP Paribas Arbitrage SA now owns 1,387 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,172 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in UFP Technologies during the 4th quarter valued at $70,000. MetLife Investment Advisors LLC bought a new stake in UFP Technologies during the 4th quarter valued at $95,000. Alambic Investment Management L.P. bought a new stake in UFP Technologies during the 1st quarter valued at $253,000. Finally, Cubic Asset Management LLC bought a new stake in UFP Technologies during the 1st quarter valued at $291,000. 69.94% of the stock is currently owned by institutional investors.

In other UFP Technologies news, insider R Jeffrey Bailly sold 6,573 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $38.53, for a total transaction of $253,257.69. Following the sale, the insider now owns 496,122 shares of the company’s stock, valued at approximately $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 have sold a total of 16,219 shares of company stock worth $626,302 in the last ninety days. Insiders own 11.00% of the company’s stock.

NASDAQ UFPT traded up $0.55 during midday trading on Tuesday, hitting $41.67. 14,000 shares of the company traded hands, compared to its average volume of 27,463. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.77 and a quick ratio of 1.86. The company has a market cap of $305.45 million, a PE ratio of 19.84 and a beta of 0.54. The company’s 50-day simple moving average is $41.88 and its 200-day simple moving average is $37.63. UFP Technologies, Inc. has a 52 week low of $27.80 and a 52 week high of $46.42.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.06. The business had revenue of $51.40 million for the quarter, compared to analysts’ expectations of $51.50 million. UFP Technologies had a return on equity of 11.84% and a net margin of 8.56%. On average, research analysts predict that UFP Technologies, Inc. will post 2.22 earnings per share for the current year.

Several brokerages have issued reports on UFPT. BidaskClub raised UFP Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, June 12th. ValuEngine cut UFP Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research cut UFP Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

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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