Unifi (NYSE:UFI) Director Purchases $141,578.50 in Stock

Unifi, Inc. (NYSE:UFI) Director Kenneth Langone purchased 40,451 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were bought at an average cost of $3.50 per share, for a total transaction of $141,578.50. Following the completion of the acquisition, the director directly owned 2,466,245 shares in the company, valued at $8,631,857.50. The trade was a 1.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Unifi Price Performance

NYSE:UFI traded down $0.17 on Friday, hitting $3.12. The company had a trading volume of 212,828 shares, compared to its average volume of 58,471. Unifi, Inc. has a 52 week low of $2.96 and a 52 week high of $6.49. The company has a current ratio of 3.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $57.30 million, a price-to-earnings ratio of -2.33 and a beta of 0.73. The firm has a 50 day moving average of $4.08 and a two-hundred day moving average of $4.51.

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

Analyst Ratings Changes

Several equities analysts have commented on the company. Wall Street Zen upgraded Unifi from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Unifi in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Unifi presently has an average rating of “Sell”.

Institutional Inflows and Outflows

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

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.