AltraVue Capital Cuts UFP Technologies Stake to 208,684 Shares
Ticker: UFPT · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 914156
| Field | Detail |
|---|---|
| Company | Ufp Technologies Inc (UFPT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | medium |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: institutional-ownership, share-reduction, amendment, SC-13G/A
TL;DR
**AltraVue Capital just trimmed its UFP Technologies stake, watch for other institutional moves.**
AI Summary
AltraVue Capital, LLC, an investment firm based in Bellevue, WA, filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in UFP Technologies, Inc. As of December 31, 2023, AltraVue beneficially owned 208,684 shares of UFP Technologies' common stock. This represents a decrease in their holdings, indicating a potential shift in their investment strategy or a reduction in their conviction for the stock. Investors should note this as a significant institutional holder has reduced its stake.
Why It Matters
This filing shows a notable institutional investor, AltraVue Capital, has reduced its stake in UFP Technologies, which could signal a change in their outlook on the company's future performance.
Risk Assessment
Risk Level: medium — A reduction in holdings by an institutional investor like AltraVue Capital could indicate a perceived increase in risk or a less favorable outlook for UFP Technologies.
Analyst Insight
A smart investor would investigate the reasons behind AltraVue Capital's reduction in UFP Technologies shares, potentially looking for any negative news or changes in company fundamentals that might have prompted this move, before making any investment decisions.
Key Numbers
- 208,684 — Aggregate Shares Beneficially Owned (This is the total number of UFP Technologies shares AltraVue Capital, LLC reported owning as of December 31, 2023.)
- 30,310 — Sole Voting Power Shares (This represents the number of shares AltraVue Capital, LLC can vote independently.)
- 178,374 — Shared Voting Power Shares (This indicates the number of shares AltraVue Capital, LLC can vote in conjunction with others.)
- 208,684 — Sole Dispositive Power Shares (This is the number of shares AltraVue Capital, LLC has the sole power to sell or dispose of.)
- 0 — Shared Dispositive Power Shares (This shows AltraVue Capital, LLC has no shared power to sell or dispose of shares.)
Key Players & Entities
- AltraVue Capital, LLC (company) — the reporting person who filed the SC 13G/A
- UFP Technologies, Inc. (company) — the subject company whose shares are being reported
- 208,684 (dollar_amount) — the aggregate amount of shares beneficially owned by AltraVue Capital, LLC
- December 31st, 2023 (date) — the date of the event requiring the filing
- Delaware, US (company) — place of organization for AltraVue Capital, LLC
Forward-Looking Statements
- UFP Technologies' stock price may experience short-term volatility due to this institutional selling. (UFP Technologies, Inc.) — medium confidence, target: Q1 2024
- Other institutional investors might re-evaluate their positions in UFP Technologies following AltraVue Capital's reduction. (Institutional Investors) — low confidence, target: Q2 2024
FAQ
What is the purpose of this SC 13G/A filing by AltraVue Capital, LLC?
This SC 13G/A filing is an amendment (Amendment No. 3) to a previous Schedule 13G, indicating a change in AltraVue Capital, LLC's beneficial ownership of UFP Technologies, Inc. common stock as of December 31, 2023, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of UFP Technologies, Inc. does AltraVue Capital, LLC beneficially own according to this filing?
As of December 31, 2023, AltraVue Capital, LLC beneficially owns an aggregate of 208,684 shares of UFP Technologies, Inc. common stock, as stated in row 9 of the Schedule 13G.
What is the breakdown of voting power for AltraVue Capital, LLC's holdings in UFP Technologies, Inc.?
AltraVue Capital, LLC holds sole voting power over 30,310 shares and shared voting power over 178,374 shares of UFP Technologies, Inc., as detailed in rows 5 and 6 of the Schedule 13G.
What is the CUSIP number for UFP Technologies, Inc. common stock mentioned in the filing?
The CUSIP number for UFP Technologies, Inc. common stock is 902673102, as specified on the cover page of the Schedule 13G.
When was the event date that triggered this filing?
The date of the event which required the filing of this statement was December 31st, 2023, as indicated on the first page of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding UFP TECHNOLOGIES INC (UFPT).