EverSource Wealth Advisors LLC Raises Holdings in UFP Technologies, Inc. (NASDAQ:UFPT)

EverSource Wealth Advisors LLC grew its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333 shares of the industrial products company’s stock after purchasing an additional 66 shares during the period. EverSource Wealth Advisors LLC’s holdings in UFP Technologies were worth $81,000 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 company. Illinois Municipal Retirement Fund grew its position in shares of UFP Technologies by 1.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company’s stock valued at $1,041,000 after purchasing an additional 52 shares in the last quarter. Anchor Capital Advisors LLC grew its position in shares of UFP Technologies by 1.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company’s stock valued at $1,108,000 after purchasing an additional 69 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of UFP Technologies by 1.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company’s stock valued at $1,435,000 after purchasing an additional 70 shares in the last quarter. KBC Group NV grew its position in shares of UFP Technologies by 42.4% during the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 81 shares in the last quarter. Finally, Arete Wealth Advisors LLC grew its position in shares of UFP Technologies by 10.9% during the third quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Down 4.3 %

Shares of NASDAQ:UFPT opened at $206.98 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 29.53 and a beta of 1.15. UFP Technologies, Inc. has a 12 month low of $193.70 and a 12 month high of $366.41. The company has a 50-day moving average price of $249.27 and a 200 day moving average price of $279.87.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.45. The business had revenue of $144.07 million during the quarter, compared to the consensus estimate of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

Insiders Place Their Bets

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the sale, the director now owns 1,785 shares of the company’s stock, valued at $407,711.85. This trade represents a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.17% of the stock is owned by insiders.

About UFP Technologies

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.