Posted by admin on May 9th, 2022
Unifi, Inc. (NYSE:UFI – Get Rating) CEO Edmund M. Ingle purchased 5,300 shares of the company’s stock in a transaction on Friday, May 6th. The shares were bought at an average price of $13.65 per share, with a total value of $72,345.00. Following the completion of the transaction, the chief executive officer now owns 99,031 shares of the company’s stock, valued at $1,351,773.15. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NYSE UFI traded down $0.32 on Monday, hitting $13.21. 3,359 shares of the stock were exchanged, compared to its average volume of 66,676. The company has a current ratio of 3.14, a quick ratio of 1.71 and a debt-to-equity ratio of 0.24. Unifi, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $28.66. The firm has a market cap of $244.77 million, a P/E ratio of 10.01 and a beta of 1.04. The firm has a 50-day simple moving average of $17.19.
A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Unifi from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. StockNews.com initiated coverage on shares of Unifi in a report on Thursday, March 31st. They set a “hold” rating for the company.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP raised its holdings in shares of Unifi by 2.2% in the first quarter. Royce & Associates LP now owns 710,106 shares of the textile maker’s stock valued at $12,853,000 after buying an additional 15,200 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Unifi by 64.2% during the first quarter. Pinnacle Associates Ltd. now owns 466,818 shares of the textile maker’s stock worth $8,449,000 after purchasing an additional 182,457 shares during the last quarter. Waypoint Capital Advisors LLC acquired a new position in Unifi in the 1st quarter valued at $598,000. Foundry Partners LLC acquired a new position in shares of Unifi during the first quarter worth about $899,000. Finally, Barclays PLC lifted its position in Unifi by 32.3% in the fourth quarter. Barclays PLC now owns 29,192 shares of the textile maker’s stock valued at $676,000 after purchasing an additional 7,119 shares during the period. Institutional investors own 74.37% of the company’s stock.
Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in the United States, Brazil, China, and internationally. It operates in four segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment offers partially oriented, textured, solution and package dyed, twisted, beamed, and draw wound yarns; and pre-consumer and post-consumer waste products, including plastic bottle flakes, polyester polymer, and staple fiber beads to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.
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