Unifi (NYSE:UFI) Director Kenneth Langone Acquires 25,811 Shares

Unifi, Inc. (NYSE:UFI) Director Kenneth Langone acquired 25,811 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were acquired at an average cost of $3.42 per share, for a total transaction of $88,273.62. Following the completion of the acquisition, the director owned 2,492,056 shares of the company’s stock, valued at approximately $8,522,831.52. The trade was a 1.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Unifi Stock Performance

Shares of UFI traded down $0.17 during trading hours on Friday, hitting $3.12. The company’s stock had a trading volume of 212,828 shares, compared to its average volume of 58,471. The business has a 50 day simple moving average of $4.08 and a two-hundred day simple moving average of $4.51. Unifi, Inc. has a 52-week low of $2.96 and a 52-week high of $6.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.59 and a quick ratio of 1.68. The company has a market cap of $57.30 million, a price-to-earnings ratio of -2.33 and a beta of 0.73.

Unifi (NYSE:UFI) last released its quarterly earnings data on Tuesday, November 4th. The textile maker reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.04. Unifi had a negative net margin of 4.30% and a negative return on equity of 21.13%. The company had revenue of $135.67 million during the quarter, compared to the consensus estimate of $140.23 million. On average, equities analysts expect that Unifi, Inc. will post -2.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new stake in shares of Unifi in the third quarter worth $54,000. Minerva Advisors LLC increased its stake in Unifi by 6.2% in the 3rd quarter. Minerva Advisors LLC now owns 1,152,481 shares of the textile maker’s stock worth $5,486,000 after acquiring an additional 67,272 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Unifi by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 730,812 shares of the textile maker’s stock valued at $3,479,000 after acquiring an additional 21,195 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Unifi in the 3rd quarter valued at about $110,000. Finally, Azarias Capital Management L.P. boosted its position in shares of Unifi by 20.9% during the 3rd quarter. Azarias Capital Management L.P. now owns 812,558 shares of the textile maker’s stock valued at $3,868,000 after acquiring an additional 140,572 shares during the last quarter. Institutional investors own 67.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Unifi in a research report on Wednesday, October 8th. Wall Street Zen raised Unifi from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About Unifi

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.