Insider Buying: Unifi (NYSE:UFI) Director Acquires 25,811 Shares of Stock

Unifi, Inc. (NYSE:UFI) Director Kenneth Langone acquired 25,811 shares of the stock in a transaction dated Thursday, December 4th. The stock was acquired at an average price of $3.42 per share, with a total value of $88,273.62. Following the completion of the acquisition, the director owned 2,492,056 shares in the company, valued at approximately $8,522,831.52. The trade was a 1.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Unifi Trading Down 5.1%

Shares of UFI traded down $0.17 during trading hours on Friday, hitting $3.12. The company had a trading volume of 212,828 shares, compared to its average volume of 58,471. The firm has a market cap of $57.30 million, a P/E ratio of -2.33 and a beta of 0.73. Unifi, Inc. has a 52-week low of $2.96 and a 52-week high of $6.49. The company has a quick ratio of 1.68, a current ratio of 3.59 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $4.08 and its 200 day moving average price is $4.51.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in Unifi in the 3rd quarter worth $54,000. Jane Street Group LLC purchased a new position in shares of Unifi in the first quarter valued at about $64,000. XTX Topco Ltd bought a new position in shares of Unifi in the second quarter worth about $80,000. Assenagon Asset Management S.A. purchased a new stake in shares of Unifi during the third quarter worth about $92,000. Finally, Goldman Sachs Group Inc. bought a new stake in Unifi during the 1st quarter valued at approximately $96,000. Institutional investors own 67.67% of the company’s stock.

Wall Street Analyst Weigh In

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

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.