SCHEDULE 13G/A: Neuberger Berman Group Discloses Passive Stake in UFP Technologies Below 5%

Neuberger Berman Group LLC and its affiliates have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 4.5% in UFP Technologies Inc. as of March 31, 2025.

Summary

• Neuberger Berman Group LLC, along with its affiliated entities Neuberger Berman Investment Advisers LLC, Neuberger Berman Equity Funds, and Neuberger Berman Genesis Fund, filed an Amendment No. 4 to Schedule 13G.
• The filing indicates that Neuberger Berman Group LLC beneficially owns an aggregate of 345,238 shares of UFP Technologies Inc. common stock.
• This aggregate ownership represents 4.5% of the common stock class of UFP Technologies Inc.
• Neuberger Berman Investment Advisers LLC beneficially owns 345,227 shares, also representing 4.5% of the class.
• Neuberger Berman Equity Funds and Neuberger Berman Genesis Fund each beneficially own 223,522 shares, representing 2.9% of the class.
• The securities are reported as acquired and held in the ordinary course of business, without the purpose or effect of changing or influencing the control of UFP Technologies Inc.

Sentiment

Score: 5

Explanation: The document is a factual, regulatory filing disclosing beneficial ownership, with no inherent positive or negative sentiment regarding the issuer's performance or prospects.

Positives

• The filing indicates continued investment by a prominent asset management firm, Neuberger Berman Group LLC, in UFP Technologies Inc.
• The passive nature of the investment, as certified by Neuberger Berman, suggests no immediate intent to engage in activist campaigns or seek control of the issuer.

Negatives

• The beneficial ownership percentage of 4.5% is below the 5% threshold, which means Neuberger Berman is not a 5% beneficial owner, and this amendment could reflect a reduction in stake from a previous filing, though the prior stake is not detailed in this document.

Risks

• No specific risks related to the issuer's operations or financial health are disclosed in this ownership filing.
• The filing explicitly states that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer, mitigating the risk of activist investor intervention from this party.

Future Outlook

This Schedule 13G filing is an ownership disclosure and does not contain any forward-looking statements or guidance regarding UFP Technologies Inc.'s future performance or outlook.

Management Comments

• Neuberger Berman Group LLC and its affiliates certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing is a routine disclosure of institutional ownership and does not provide specific analysis of UFP Technologies Inc.'s position within its industry or broader industry trends.

Stakeholder Impact

• Shareholders: Provides transparency regarding the beneficial ownership stake held by a significant institutional investor, which can influence market perception and liquidity.

Key Dates

Keywords

UFP Technologies Inc, Neuberger Berman Group LLC, Schedule 13G, Beneficial Ownership, SEC Filing, Institutional Investor, Common Stock, Passive Investment