Unifi, Inc. (NYSE:UFI) Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. reduced its stake in shares of Unifi, Inc. (NYSE:UFI) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,375 shares of the textile maker’s stock after selling 11,388 shares during the quarter. Unifi comprises approximately 4.0% of Azarias Capital Management L.P.’s portfolio, making the stock its 12th largest holding. Azarias Capital Management L.P. owned about 7.83% of Unifi worth $8,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in Unifi by 74.2% in the third 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 during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Unifi by 279.2% in the 3rd quarter. GSA Capital Partners LLP now owns 60,211 shares of the textile maker’s stock valued at $442,000 after acquiring an additional 44,332 shares during the period. OneDigital Investment Advisors LLC raised its position in Unifi by 25.0% in the 3rd 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. Empowered Funds LLC boosted its stake 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 period. Finally, Minerva Advisors LLC grew its position in Unifi by 11.2% during the 3rd quarter. Minerva Advisors LLC now owns 810,228 shares of the textile maker’s stock worth $5,947,000 after purchasing an additional 81,742 shares during the last quarter. 67.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Unifi

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

Unifi Trading Down 1.2 %

NYSE UFI opened at $5.10 on Thursday. Unifi, Inc. has a one year low of $5.05 and a one year high of $7.91. The firm has a market cap of $93.18 million, a PE ratio of -2.79 and a beta of 0.74. The firm’s fifty day moving average is $5.85 and its two-hundred day moving average is $6.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.39 and a current ratio of 3.44.

Unifi (NYSE:UFI) last posted its quarterly earnings data on Wednesday, February 5th. The textile maker reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.31). Unifi had a negative net margin of 5.62% and a negative return on equity of 14.49%. Analysts expect that Unifi, Inc. will post -0.96 earnings per share for the current year.

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.