Roubaix Capital LLC purchased a new stake in UFP Technologies, Inc. (NASDAQ:UFPT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,844 shares of the industrial products company’s stock, valued at approximately $3,360,000. UFP Technologies comprises 3.3% of Roubaix Capital LLC’s investment portfolio, making the stock its 10th largest position. Roubaix Capital LLC owned about 1.21% of UFP Technologies at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Metropolitan Life Insurance Co. NY acquired a new stake in UFP Technologies in the 4th quarter valued at approximately $70,000. MetLife Investment Advisors LLC acquired a new stake in UFP Technologies in the 4th quarter valued at approximately $95,000. Ramsey Quantitative Systems increased its position in UFP Technologies by 104.4% in the 4th quarter. Ramsey Quantitative Systems now owns 6,137 shares of the industrial products company’s stock valued at $184,000 after acquiring an additional 3,135 shares during the period. Navellier & Associates Inc acquired a new stake in UFP Technologies in the 4th quarter valued at approximately $210,000. Finally, Cavalier Investments LLC acquired a new stake in UFP Technologies in the 4th quarter valued at approximately $210,000. 70.21% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on the company. Zacks Investment Research cut UFP Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 28th. BidaskClub upgraded UFP Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th.
UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. UFP Technologies had a return on equity of 11.67% and a net margin of 7.51%. The company had revenue of $50.70 million for the quarter, compared to analysts’ expectations of $48.00 million. As a group, research analysts expect that UFP Technologies, Inc. will post 2.13 earnings per share for the current year.
In other news, VP Mitchell Rock sold 17,099 shares of UFP Technologies stock in a transaction on Friday, March 8th. The stock was sold at an average price of $32.94, for a total transaction of $563,241.06. Following the transaction, the vice president now directly owns 25,506 shares in the company, valued at approximately $840,167.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.30% of the stock is currently owned by company insiders.
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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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