Millington Financial Advisors LLC Reduces Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

Millington Financial Advisors LLC lowered its position in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,069 shares of the industrial products company’s stock after selling 288 shares during the period. UFP Technologies comprises about 1.9% of Millington Financial Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Millington Financial Advisors LLC owned approximately 0.16% of UFP Technologies worth $3,269,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in UFP Technologies in the 3rd quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in 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 worth $86,000 after purchasing an additional 133 shares in the last quarter. KBC Group NV raised its holdings in UFP Technologies by 42.4% in the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 81 shares in the last quarter. Venturi Wealth Management LLC bought a new position in UFP Technologies in the 4th quarter worth $74,000. Finally, Advisors Asset Management Inc. raised its holdings in UFP Technologies by 39.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.

UFP Technologies Stock Down 5.4 %

Shares of UFP Technologies stock opened at $240.94 on Tuesday. 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 company has a 50-day moving average of $257.78 and a 200 day moving average of $291.72. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 34.37 and a beta of 1.04. UFP Technologies, Inc. has a 1 year low of $188.50 and a 1 year high of $366.41.

Analyst Upgrades and Downgrades

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

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.