Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone Acquires 4,800 Shares

Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone acquired 4,800 shares of Unifi stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $7.00 per share, for a total transaction of $33,600.00. Following the completion of the transaction, the director now owns 1,803,402 shares in the company, valued at approximately $12,623,814. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Unifi Trading Down 2.1 %

Shares of NYSE:UFI opened at $6.96 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.08 and a quick ratio of 1.99. The stock has a 50 day moving average price of $7.46 and a 200-day moving average price of $7.78. Unifi, Inc. has a 52-week low of $5.85 and a 52-week high of $11.08.

Unifi (NYSE:UFI) last posted its quarterly earnings data on Thursday, August 24th. The textile maker reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.08. Unifi had a negative return on equity of 12.31% and a negative net margin of 7.43%. The business had revenue of $151.06 million during the quarter, compared to the consensus estimate of $147.89 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, equities research analysts forecast that Unifi, Inc. will post -0.57 EPS for the current year.

Institutional Investors Weigh In On Unifi

Hedge funds have recently bought and sold shares of the business. Boston Partners lifted its holdings in shares of Unifi by 9.6% during the first quarter. Boston Partners now owns 79,413 shares of the textile maker’s stock valued at $649,000 after purchasing an additional 6,979 shares during the last quarter. Azarias Capital Management L.P. raised its stake in Unifi by 24.7% during the fourth quarter. Azarias Capital Management L.P. now owns 701,016 shares of the textile maker’s stock valued at $6,036,000 after buying an additional 138,937 shares during the last quarter. Minerva Advisors LLC bought a new stake in Unifi in the first quarter worth $214,000. Marquette Asset Management LLC boosted its holdings in Unifi by 101.8% in the second quarter. Marquette Asset Management LLC now owns 50,379 shares of the textile maker’s stock worth $407,000 after acquiring an additional 25,411 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in shares of Unifi by 37.8% in the second quarter. Pinnacle Associates Ltd. now owns 704,686 shares of the textile maker’s stock worth $5,687,000 after acquiring an additional 193,403 shares during the last quarter. Institutional investors own 68.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Unifi in a research report on Thursday, August 17th. They set a “sell” rating on the stock.

Unifi Company Profile

Unifi, Inc, together with its subsidiaries, manufactures and sells recycled and synthetic products in the United States, China, Brazil, and internationally. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.