Insider Buying: Unifi, Inc. (NYSE:UFI) Director Acquires $378,389.97 in Stock

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Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone bought 20,711 shares of Unifi stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $18.27 per share, with a total value of $378,389.97. Following the completion of the transaction, the director now directly owns 1,182,500 shares in the company, valued at $21,604,275. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

UFI opened at $20.17 on Friday. The company has a 50 day moving average of $18.44 and a 200 day moving average of $19.81. The company has a market cap of $355.02 million, a PE ratio of 155.15 and a beta of 0.71. Unifi, Inc. has a 12 month low of $15.90 and a 12 month high of $33.28. The company has a current ratio of 3.55, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.

Unifi (NYSE:UFI) last released its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $179.49 million during the quarter, compared to the consensus estimate of $186.90 million. Unifi had a net margin of 0.35% and a return on equity of 0.14%. Research analysts forecast that Unifi, Inc. will post 0.86 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in Unifi by 0.4% in the 1st quarter. Victory Capital Management Inc. now owns 1,602,985 shares of the textile maker’s stock valued at $31,018,000 after purchasing an additional 5,597 shares during the period. Impala Asset Management LLC boosted its holdings in Unifi by 4.6% in the 1st quarter. Impala Asset Management LLC now owns 1,580,040 shares of the textile maker’s stock valued at $30,574,000 after purchasing an additional 69,638 shares during the period. ValueAct Holdings L.P. boosted its holdings in Unifi by 14.8% in the 2nd quarter. ValueAct Holdings L.P. now owns 1,298,402 shares of the textile maker’s stock valued at $23,592,000 after purchasing an additional 167,500 shares during the period. Pinnacle Associates Ltd. boosted its holdings in Unifi by 3.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 473,960 shares of the textile maker’s stock valued at $9,171,000 after purchasing an additional 15,588 shares during the period. Finally, Kennedy Capital Management Inc. boosted its holdings in Unifi by 31.9% in the 1st quarter. Kennedy Capital Management Inc. now owns 219,499 shares of the textile maker’s stock valued at $4,247,000 after purchasing an additional 53,089 shares during the period. 81.37% of the stock is owned by institutional investors.

Several research firms recently commented on UFI. ValuEngine raised shares of Unifi from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Zacks Investment Research raised shares of Unifi from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday.

Unifi Company Profile

Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.

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Insider Buying and Selling by Quarter for Unifi (NYSE:UFI)

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