Legato Capital Management LLC Purchases 791 Shares of UFP Technologies, Inc. (NASDAQ:UFPT)

Legato Capital Management LLC boosted its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,229 shares of the industrial products company’s stock after acquiring an additional 791 shares during the period. UFP Technologies makes up approximately 1.2% of Legato Capital Management LLC’s holdings, making the stock its 3rd largest holding. Legato Capital Management LLC owned approximately 0.47% of UFP Technologies worth $8,858,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UFPT. Northwest Investment Counselors LLC bought a new stake in shares of UFP Technologies during the third quarter valued at approximately $32,000. GAMMA Investing LLC boosted its stake in UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after buying an additional 60 shares in the last quarter. Truvestments Capital LLC bought a new stake in UFP Technologies in the 3rd quarter valued at $56,000. KBC Group NV raised its stake in shares of UFP Technologies by 42.4% in the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock valued at $86,000 after buying an additional 81 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of UFP Technologies by 97.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock valued at $86,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Price Performance

Shares of UFPT stock opened at $261.97 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The stock’s fifty day simple moving average is $262.91 and its 200 day simple moving average is $295.82. UFP Technologies, Inc. has a one year low of $167.71 and a one year high of $366.41. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 37.37 and a beta of 1.04.

Wall Street Analyst Weigh In

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

UFP Technologies 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.