Insider Buying: Unifi, Inc. (UFI) Director Purchases 13,179 Shares of Stock

Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop bought 13,179 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $35.13 per share, with a total value of $462,978.27. Following the purchase, the director now owns 10,288 shares of the company’s stock, valued at approximately $361,417.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Unifi, Inc. (NYSE UFI) traded down $1.35 during mid-day trading on Monday, hitting $33.97. The stock had a trading volume of 97,725 shares, compared to its average volume of 58,418. The firm has a market capitalization of $621.12, a price-to-earnings ratio of 15.87 and a beta of 0.78. Unifi, Inc. has a fifty-two week low of $26.36 and a fifty-two week high of $39.21. The company has a current ratio of 3.91, a quick ratio of 2.18 and a debt-to-equity ratio of 0.30.

Unifi (NYSE:UFI) last issued its quarterly earnings results on Thursday, January 25th. The textile maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $167.50 million during the quarter, compared to the consensus estimate of $159.17 million. Unifi had a return on equity of 9.72% and a net margin of 5.97%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. research analysts expect that Unifi, Inc. will post 1.95 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on UFI shares. Zacks Investment Research lowered Unifi from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. ValuEngine upgraded Unifi from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Unifi by 3.1% in the fourth quarter. BlackRock Inc. now owns 2,094,173 shares of the textile maker’s stock valued at $75,117,000 after purchasing an additional 62,871 shares during the last quarter. Impala Asset Management LLC boosted its holdings in Unifi by 1.5% in the third quarter. Impala Asset Management LLC now owns 1,253,980 shares of the textile maker’s stock valued at $44,679,000 after purchasing an additional 18,683 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Unifi by 7.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,093,908 shares of the textile maker’s stock valued at $39,238,000 after purchasing an additional 71,626 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Unifi by 3.4% in the second quarter. Vanguard Group Inc. now owns 841,492 shares of the textile maker’s stock valued at $25,918,000 after purchasing an additional 27,563 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Unifi by 9.2% in the fourth quarter. LSV Asset Management now owns 516,241 shares of the textile maker’s stock valued at $18,517,000 after purchasing an additional 43,300 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

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About Unifi

Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.

Insider Buying and Selling by Quarter for Unifi (NYSE:UFI)

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