Minerva Advisors LLC Boosts Stock Position in Unifi, Inc. (NYSE:UFI)

Minerva Advisors LLC grew its stake in shares of Unifi, Inc. (NYSE:UFI) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 855,241 shares of the textile maker’s stock after buying an additional 45,013 shares during the period. Unifi accounts for 3.1% of Minerva Advisors LLC’s portfolio, making the stock its 11th biggest holding. Minerva Advisors LLC owned 4.68% of Unifi worth $5,345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in UFI. Assenagon Asset Management S.A. lifted its position in shares of Unifi by 74.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 39,259 shares of the textile maker’s stock valued at $288,000 after buying an additional 16,727 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Unifi by 279.2% during the 3rd quarter. GSA Capital Partners LLP now owns 60,211 shares of the textile maker’s stock valued at $442,000 after buying an additional 44,332 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Unifi by 25.0% during 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. Empowered Funds LLC lifted its position in shares of Unifi by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 36,304 shares of the textile maker’s stock valued at $266,000 after buying an additional 1,742 shares in the last quarter. Finally, State Street Corp lifted its holdings in Unifi by 5.7% in the 3rd quarter. State Street Corp now owns 58,922 shares of the textile maker’s stock worth $432,000 after purchasing an additional 3,200 shares in the last quarter. 67.67% of the stock is owned by hedge funds and other institutional investors.

Unifi Stock Down 2.4 %

NYSE UFI opened at $5.45 on Tuesday. The stock’s 50 day moving average is $5.87 and its 200 day moving average is $6.20. The company has a current ratio of 3.44, a quick ratio of 1.46 and a debt-to-equity ratio of 0.52. Unifi, Inc. has a 12 month low of $5.05 and a 12 month high of $7.91. The stock has a market cap of $99.92 million, a PE ratio of -2.98 and a beta of 0.74.

Unifi (NYSE:UFI) last posted its quarterly earnings results 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 return on equity of 14.49% and a negative net margin of 5.62%. Research analysts predict that Unifi, Inc. will post -2.25 EPS for the current fiscal year.

Insider Buying and Selling

In other Unifi news, Director Kenneth G. Langone purchased 16,097 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average cost of $5.55 per share, with a total value of $89,338.35. Following the acquisition, the director now owns 2,352,000 shares in the company, valued at approximately $13,053,600. This trade represents a 0.69 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.85% of the stock is owned by insiders.

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.