Renaissance Tech Amends UFPT Stake as of Dec 29, 2023
Ticker: UFPT · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 914156
| Field | Detail |
|---|---|
| Company | Ufp Technologies Inc (UFPT) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, form-13g, fund-activity
TL;DR
**Renaissance Technologies just updated their UFPT holdings, watch for market reaction.**
AI Summary
Renaissance Technologies LLC, a major investment firm, has updated its holdings in UFP Technologies, Inc. (UFPT) as of December 29, 2023. This Schedule 13G/A filing, an amendment to a previous filing, indicates a change in their ownership stake. For investors, this matters because large institutional movements can signal confidence or concern in a stock, potentially influencing its price and liquidity.
Why It Matters
Institutional investor activity, especially from a firm like Renaissance Technologies, can influence market sentiment and the perceived value of UFP Technologies' stock.
Risk Assessment
Risk Level: low — This filing is a routine update of institutional ownership and does not inherently signal high risk, though changes in ownership can precede price movements.
Analyst Insight
Investors should monitor subsequent filings from Renaissance Technologies or other major institutions to discern a clearer trend in their conviction regarding UFP Technologies, Inc. stock.
Key Players & Entities
- Renaissance Technologies LLC (company) — the investment firm filing the SC 13G/A
- UFP Technologies, Inc. (company) — the subject company whose shares are being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- 902673102 (number) — the CUSIP number for UFP Technologies, Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No. 15)*' in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Renaissance Technologies LLC, as stated under the 'FILED BY' section of the filing.
What is the subject company of this filing?
The subject company is UFP Technologies, Inc., as identified under the 'SUBJECT COMPANY' section and 'Name of Issuer' on the Schedule 13G form.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of UFP Technologies, Inc. is 902673102, as listed on the cover page of the Schedule 13G.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified on the Schedule 13G cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding UFP TECHNOLOGIES INC (UFPT).