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Is it the Right Time to Dispose Your UFP Technologies (UFPT) Shares?

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Olstein Capital Management, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. The market leader for the last three years has emphasized fundamentals and valuation. The recent market correction has resulted in many more free cash flow companies falling into the fundamentally undervalued category. The All Cap Value Fund had an approximately 18% cash position at the top of the recent pandemic rally is now down to approximately 5%, as the fund has restocked the portfolio with what they believe are high-quality free cash flow fundamental value plays that moved into our price range during the recent correction. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Olstein Funds, in its Q4 2021 investor letter, mentioned UFP Technologies, Inc. (NASDAQ:UFPT) and discussed its stance on the firm. Founded in 1963, UFP Technologies, Inc. (NASDAQ:UFPT) is a Georgetown, Massachusetts-based health care products manufacturing company with a $491.9 million market capitalization, and is currently spearheaded by its CEO, Richard Jeffrey Bailly. UFP Technologies, Inc. (NASDAQ:UFPT) delivered a -7.40% return since the beginning of the year, while its 12-month returns are up by 27.32%. The stock closed at $65.06 per share on March 25, 2022.

Here is what Olstein Funds has to say about UFP Technologies, Inc. (NASDAQ:UFPT) in its Q4 2021 investor letter:

"As of December 31, 2021, the Olstein Strategic Opportunities Fund portfolio consisted of 40 holdings with an average weighted market capitalization of $6.40 billion. During the reporting period, the Fund eliminated its holdings in UFP Technologies (NASDAQ:UFPT) as the price of the company’s stock reach our valuation level."

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Our calculations show that UFP Technologies, Inc. (NASDAQ:UFPT) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. UFP Technologies, Inc. (NASDAQ:UFPT) was in 10 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 11 funds in the previous quarter. UFP Technologies, Inc. (NASDAQ:UFPT) delivered a -5.33% return in the past 3 months.

In February 2022, we also shared another hedge fund’s views on UFP Technologies, Inc. (NASDAQ:UFPT) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.