HealthInvest Partners AB Increases Stake in UFP Technologies, Inc. (NASDAQ:UFPT)

HealthInvest Partners AB boosted its stake in UFP Technologies, Inc. (NASDAQ:UFPT) by 28.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,159 shares of the industrial products company’s stock after buying an additional 5,111 shares during the period. UFP Technologies accounts for approximately 2.6% of HealthInvest Partners AB’s portfolio, making the stock its 14th largest position. HealthInvest Partners AB owned 0.30% of UFP Technologies worth $5,663,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Truvestments Capital LLC purchased a new position in shares of UFP Technologies in the 3rd quarter valued at approximately $56,000. Venturi Wealth Management LLC bought a new position in UFP Technologies in the fourth quarter worth $74,000. KBC Group NV lifted its position in 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 buying an additional 81 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of UFP Technologies by 97.1% during 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. Finally, Principal Securities Inc. grew its position in shares of UFP Technologies by 110.4% in the 4th quarter. Principal Securities Inc. now owns 444 shares of the industrial products company’s stock worth $109,000 after buying an additional 233 shares during the period. 87.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

UFP Technologies Stock Down 4.7 %

Shares of NASDAQ:UFPT opened at $254.56 on Monday. 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 stock has a fifty day simple moving average of $257.90 and a two-hundred day simple moving average of $292.21. UFP Technologies, Inc. has a 12-month low of $188.50 and a 12-month high of $366.41. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 36.31 and a beta of 1.04.

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.