Bank of New York Mellon Corp increased its position in UFP Technologies Inc. (NASDAQ:UFPT) by 171.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 39,529 shares of the company’s stock after buying an additional 24,960 shares during the period. Bank of New York Mellon Corp owned 0.55% of UFP Technologies worth $890,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of UFP Technologies by 2.9% in the first quarter. Geode Capital Management LLC now owns 29,300 shares of the company’s stock worth $652,000 after buying an additional 817 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of UFP Technologies by 2.4% in the first quarter. Renaissance Technologies LLC now owns 515,100 shares of the company’s stock worth $11,471,000 after buying an additional 12,300 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. boosted its position in shares of UFP Technologies by 12.8% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 317,104 shares of the company’s stock worth $7,147,000 after buying an additional 36,040 shares in the last quarter. 65.68% of the stock is currently owned by institutional investors.
UFP Technologies Inc. (NASDAQ:UFPT) traded down 0.12% during midday trading on Monday, reaching $26.05. The company’s stock had a trading volume of 9,423 shares. UFP Technologies Inc. has a one year low of $20.40 and a one year high of $27.35. The stock has a market cap of $187.38 million, a price-to-earnings ratio of 25.29 and a beta of 0.54. The stock’s 50 day moving average price is $25.98 and its 200-day moving average price is $23.61.
UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.19. The firm had revenue of $37.90 million for the quarter, compared to analyst estimates of $36.50 million. UFP Technologies had a net margin of 5.31% and a return on equity of 7.23%. On average, analysts forecast that UFP Technologies Inc. will post $1.35 EPS for the current fiscal year.
A number of equities research analysts have commented on UFPT shares. Zacks Investment Research raised UFP Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. TheStreet raised UFP Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 19th.
UFP Technologies Company Profile
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.