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

Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone bought 16,097 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average cost of $5.55 per share, with a total value of $89,338.35. Following the transaction, the director now directly owns 2,352,000 shares of the company’s stock, valued at $13,053,600. The trade was a 0.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Unifi Trading Up 11.2 %

NYSE UFI opened at $5.65 on Friday. The company has a fifty day simple moving average of $5.84 and a two-hundred day simple moving average of $6.20. The stock has a market cap of $103.23 million, a P/E ratio of -3.09 and a beta of 0.74. Unifi, Inc. has a 12-month low of $5.05 and a 12-month high of $7.91. The company has a current ratio of 3.44, a quick ratio of 1.39 and a debt-to-equity ratio of 0.52.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of Unifi by 5.7% in the third quarter. State Street Corp now owns 58,922 shares of the textile maker’s stock worth $432,000 after buying an additional 3,200 shares during the last quarter. Barclays PLC raised its holdings in shares of Unifi by 778.3% in the third quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock worth $85,000 after buying an additional 10,172 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Unifi by 5,775.3% during the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock worth $82,000 after purchasing an additional 10,973 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Unifi by 279.2% during the third quarter. GSA Capital Partners LLP now owns 60,211 shares of the textile maker’s stock worth $442,000 after purchasing an additional 44,332 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in shares of Unifi by 25.0% during the third quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock worth $110,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 67.67% of the company’s stock.

About Unifi

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.