UFP Technologies, Inc. (UFPT) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC cut its position in UFP Technologies, Inc. (NASDAQ:UFPT) by 31.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,365 shares of the industrial products company’s stock after selling 70,932 shares during the quarter. Huber Capital Management LLC owned approximately 2.08% of UFP Technologies worth $4,253,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in UFP Technologies by 13.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 168,432 shares of the industrial products company’s stock valued at $4,733,000 after buying an additional 19,602 shares during the last quarter. Wells Fargo & Company MN grew its stake in UFP Technologies by 44.7% in the 3rd quarter. Wells Fargo & Company MN now owns 8,957 shares of the industrial products company’s stock valued at $252,000 after buying an additional 2,766 shares during the last quarter. Macquarie Group Ltd. acquired a new position in UFP Technologies in the 3rd quarter valued at $128,000. Quantum Capital Management acquired a new position in UFP Technologies in the 3rd quarter valued at $983,000. Finally, Bank of New York Mellon Corp grew its stake in UFP Technologies by 11.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 48,603 shares of the industrial products company’s stock valued at $1,365,000 after buying an additional 4,994 shares during the last quarter. Institutional investors and hedge funds own 69.08% of the company’s stock.

Shares of UFP Technologies, Inc. (UFPT) opened at $28.50 on Tuesday. The stock has a market cap of $207.13, a price-to-earnings ratio of 25.14 and a beta of 0.12. UFP Technologies, Inc. has a 12-month low of $22.95 and a 12-month high of $31.50.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.13). The company had revenue of $35.68 million during the quarter, compared to analyst estimates of $38.70 million. UFP Technologies had a return on equity of 6.83% and a net margin of 5.43%. equities research analysts forecast that UFP Technologies, Inc. will post 1.12 EPS for the current year.

Separately, Zacks Investment Research lowered shares of UFP Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th.

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UFP Technologies 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.

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Institutional Ownership by Quarter for UFP Technologies (NASDAQ:UFPT)

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