Peapod Lane Capital LLC Acquires Shares of 510,558 Unifi, Inc. (NYSE:UFI)

Peapod Lane Capital LLC bought a new position in shares of Unifi, Inc. (NYSE:UFI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 510,558 shares of the textile maker’s stock, valued at approximately $3,191,000. Unifi accounts for approximately 3.2% of Peapod Lane Capital LLC’s portfolio, making the stock its 8th biggest holding. Peapod Lane Capital LLC owned approximately 2.79% of Unifi as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UFI. JPMorgan Chase & Co. grew its stake in Unifi by 5,775.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after buying an additional 10,973 shares during the last quarter. Barclays PLC boosted its holdings in shares of Unifi by 778.3% during the third quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock worth $85,000 after acquiring an additional 10,172 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of Unifi by 25.0% in the third quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock valued at $110,000 after purchasing an additional 3,000 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Unifi during the third quarter worth approximately $128,000. Finally, Empowered Funds LLC lifted its holdings 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 purchasing an additional 1,742 shares during the last quarter. 67.67% of the stock is owned by institutional investors and hedge funds.

Unifi Stock Down 1.2 %

UFI opened at $5.10 on Thursday. 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 fifty day simple moving average of $5.85 and a 200 day simple moving average of $6.21. Unifi, Inc. has a 1 year low of $5.05 and a 1 year high of $7.91.

Unifi (NYSE:UFI) last announced its earnings results on Wednesday, February 5th. The textile maker reported ($0.86) earnings per share (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%. Equities analysts anticipate that Unifi, Inc. will post -0.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kenneth G. Langone purchased 16,097 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average cost of $5.55 per share, for a total transaction of $89,338.35. Following the completion of the purchase, the director now owns 2,352,000 shares in the company, valued at approximately $13,053,600. This represents a 0.69 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.85% of the company’s stock.

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.