Unifi, Inc. (NYSE:UFI) Director Purchases $849,012.00 in Stock

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Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop bought 41,700 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $20.36 per share, for a total transaction of $849,012.00. Following the completion of the acquisition, the director now owns 16,734 shares of the company’s stock, valued at $340,704.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of UFI opened at $22.86 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.55 and a quick ratio of 1.76. The firm’s 50 day moving average is $19.28 and its 200-day moving average is $19.53. Unifi, Inc. has a 12-month low of $15.90 and a 12-month high of $31.49. The stock has a market capitalization of $378.67 million, a P/E ratio of 175.85 and a beta of 0.70.

Unifi (NYSE:UFI) last released its earnings results on Wednesday, August 7th. The textile maker reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $179.49 million during the quarter, compared to analyst estimates of $186.90 million. Unifi had a net margin of 0.35% and a return on equity of 0.14%. As a group, equities research analysts forecast that Unifi, Inc. will post 0.86 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Shields & Co. LLC acquired a new stake in shares of Unifi during the 1st quarter valued at $639,000. Asset Planning Services Ltd. acquired a new stake in shares of Unifi during the second quarter worth $28,000. Pinnacle Associates Ltd. lifted its holdings in shares of Unifi by 3.4% during the first 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 last quarter. Kennedy Capital Management Inc. lifted its holdings in shares of Unifi by 31.9% during the first 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 last quarter. Finally, Balter Liquid Alternatives LLC boosted its position in shares of Unifi by 965.4% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 106,702 shares of the textile maker’s stock valued at $1,939,000 after purchasing an additional 96,687 shares during the period. 80.99% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research upgraded shares of Unifi from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Thursday, August 15th.

About Unifi

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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