Kenneth G. Langone Acquires 16,097 Shares of Unifi, Inc. (NYSE:UFI) Stock

Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone bought 16,097 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $5.55 per share, with a total value of $89,338.35. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Unifi Trading Down 1.2 %

UFI traded down $0.06 on Wednesday, reaching $5.10. 101,161 shares of the company’s stock were exchanged, compared to its average volume of 66,449. 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, Inc. has a twelve month low of $5.05 and a twelve month high of $7.91. The company’s 50 day moving average is $5.85 and its 200-day moving average is $6.21. The company has a market cap of $93.18 million, a price-to-earnings ratio of -2.79 and a beta of 0.74.

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

Institutional Trading of Unifi

Several large investors have recently bought and sold shares of UFI. JPMorgan Chase & Co. grew its position in Unifi by 5,775.3% in the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after acquiring an additional 10,973 shares in the last quarter. Barclays PLC boosted its stake in shares of Unifi by 778.3% during the 3rd quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock valued at $85,000 after buying an additional 10,172 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Unifi by 25.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock valued at $110,000 after buying an additional 3,000 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Unifi during the 3rd quarter valued at approximately $128,000. Finally, Empowered Funds LLC boosted its stake in shares of Unifi by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 36,304 shares of the textile maker’s stock valued at $266,000 after buying an additional 1,742 shares during the last quarter. Institutional investors and hedge funds own 67.67% of the company’s stock.

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.