Market Filing: Ufp Technologies Inc Has Another Bullish Trade, Kayne Anderson Rudnick Investment Management Llc Bought Stake!

Market Filing: Ufp Technologies Inc Has Another Bullish Trade, Kayne Anderson Rudnick Investment Management Llc Bought Stake!

The New Kayne Anderson Rudnick Investment Management Llc Holding in Ufp Technologies Inc

Kayne Anderson Rudnick Investment Management Llc filed with the SEC SC 13G/A form for Ufp Technologies Inc. The form can be accessed here: 000114036116085646. As reported in Kayne Anderson Rudnick Investment Management Llc’s form, the filler as of late owns 11.34% or 819,005 shares of the Materials–company.

Ufp Technologies Inc stake is a new one for the for this institutional investor and it was filed because of activity on October31,2016. We feel this shows Kayne Anderson Rudnick Investment Management Llc’s positive view for the stock. For a institutional investor managing $9.04 billion in assets and having 72+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Ufp Technologies Inc Institutional Sentiment

Latest Security and Exchange filings show 49 investors own Ufp Technologies Inc. The institutional ownership in Q3 2015 is low, at 62.74% of the outstanding shares. This is increased by 51938 the total institutional shares. 4511229 were the shares owned by these institutional investors. In total 7 funds opened new Ufp Technologies Inc stakes, 14 increased stakes. There were 13 that closed positions and 14 reduced them.

Rbf Capital Llc is an institutional investor bullish on Ufp Technologies Inc, owning 97300 shares as of Q3 2015 for 0.46% of its portfolio. Euclidean Technologies Management Llc owns 64217 shares or 1.53% of its portfolio. OH Opus Capital Group Llc have 0.86% of their stock portfolio for 222375 shares. Further, Kestrel Investment Management Corp reported stake worth 0.10% of its US stock portfolio. The CT Mill Road Capital Management Llc owns 307064 shares. Ufp Technologies Inc is 14.09% of the manager’s US portfolio.

Business 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. The Company’s raw materials consist of polyethylene and polyurethane foams, sheet plastics, pulp fiber, cross-linked polyethylene and reticulated polyurethane foams, fabric and foam laminates, and natural fiber materials. The Company converts these materials to provide customers various solutions, including automotive interior trim, medical device components, disposable wound care components, military uniform and gear components, athletic padding, air filtration, high-temperature insulation, abrasive nail files and other beauty aids, and cushion packaging for their products.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Kayne Anderson Rudnick Investment Management Llc website.

Insitutional Activity: The institutional sentiment increased to 1.7 in 2016 Q2. Its up 0.40, from 1.3 in 2016Q1. The ratio improved, as 9 funds sold all UFP Technologies, Inc. shares owned while 11 reduced positions. 12 funds bought stakes while 22 increased positions. They now own 4.28 million shares or 1.71% less from 4.35 million shares in 2016Q1.

Cubic Asset Mngmt Limited Liability accumulated 53,019 shares or 0.41% of the stock. State Street reported 53,389 shares or 0% of all its holdings. Morgan Stanley holds 0% or 115 shares in its portfolio. Dimensional Fund Advisors Lp holds 70,000 shares or 0% of its portfolio. Blackrock Fund Advsr has 165,676 shares for 0% of their US portfolio. Vanguard Group has 195,125 shares for 0% of their US portfolio. Nationwide Fund Advsrs has invested 0% of its portfolio in UFP Technologies, Inc. (NASDAQ:UFPT). Us National Bank De last reported 0% of its portfolio in the stock. Geode Limited has 37,244 shares for 0% of their US portfolio. Winslow Evans Crocker reported 500 shares or 0% of all its holdings. Gsa Limited Liability Partnership accumulated 0.04% or 34,119 shares. Kayne Anderson Rudnick Inv Mgmt Ltd Com holds 0.21% of its portfolio in UFP Technologies, Inc. (NASDAQ:UFPT) for 607,588 shares. Thomson Horstmann & Bryant reported 317,104 shares or 0.93% of all its holdings. Rbf Capital Limited Com accumulated 0.36% or 80,300 shares. Blackrock Inc holds 1,627 shares or 0% of its portfolio.

Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 1 insider sale for $79,200 net activity. The insider SHAW DANIEL J sold 3,600 shares worth $79,200.

The stock increased 1.39% or $0.35 during the last trading session, hitting $25.5. About 51,900 shares traded hands or 182.20% up from the average. UFP Technologies, Inc. (NASDAQ:UFPT) has risen 10.45% since April 7, 2016 and is uptrending. It has outperformed by 5.67% the S&P500.

UFP Technologies, Inc. is a designer and custom converter of foams, plastics, composites and natural fiber materials. The company has a market cap of $183.46 million. The Firm is engaged in providing solutions to clients primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It has a 22.75 P/E ratio. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

More news for UFP Technologies, Inc. (NASDAQ:UFPT) were recently published by: Businesswire.com, which released: “UFP Technologies Appoints Dan Croteau to its Board” on December 16, 2015. Seekingalpha.com‘s article titled: “UFP Technologies: A Mundane Business With Low Risk (UFPT)” and published on June 26, 2015 is yet another important article.

According to Zacks Investment Research, “UFP TECH., INC. designs and manufactures a range of high-performance cushion packaging and specialty foam and plastic prods. for the industrial and consumer markets. UFP also designs precision moulded fibre packaging prods. made from recycled paper.”

UFPT Company Profile

UFP Technologies, Inc., incorporated on October 15, 1993, is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Firm is engaged in providing solutions to clients primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding and fabricating manufacturing technologies. The Company’s raw materials consist of polyethylene and polyurethane foams, sheet plastics, pulp fiber, cross-linked polyethylene and reticulated polyurethane foams, fabric and foam laminates, and natural fiber materials. The Firm converts these materials to provide clients various solutions, including automotive interior trim, medical device components, disposable wound care components, military uniform and gear components, athletic padding, air filtration, high-temperature insulation, abrasive nail files and other beauty aids, and cushion packaging for their products.

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