Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone Acquires 16,097 Shares

Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone acquired 16,097 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $5.55 per share, with a total value of $89,338.35. Following the transaction, the director now owns 2,352,000 shares of the company’s stock, valued at approximately $13,053,600. This trade represents a 0.69 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Unifi Stock Performance

Shares of Unifi stock opened at $5.10 on Thursday. Unifi, Inc. has a twelve month low of $5.05 and a twelve month high of $7.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.39 and a current ratio of 3.44. The business has a 50-day moving average price of $5.85 and a 200 day moving average price of $6.21.

Unifi (NYSE:UFI) last posted its quarterly earnings data on Wednesday, February 5th. The textile maker reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.31). Unifi had a negative net margin of 5.62% and a negative return on equity of 14.49%. On average, analysts predict that Unifi, Inc. will post -0.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Unifi

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in Unifi by 5,775.3% during the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after purchasing an additional 10,973 shares in the last quarter. Barclays PLC raised its position in shares of Unifi by 778.3% during the 3rd quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock worth $85,000 after purchasing an additional 10,172 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in Unifi by 25.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock valued at $110,000 after buying an additional 3,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in Unifi in the 3rd quarter worth about $128,000. Finally, Empowered Funds LLC increased its stake in Unifi by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 36,304 shares of the textile maker’s stock worth $266,000 after buying an additional 1,742 shares in the last quarter. Hedge funds and other institutional investors own 67.67% of the company’s stock.

Unifi Company Profile

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. 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.