Posted by admin on May 9th, 2022
Unifi, Inc. (NYSE:UFI – Get Rating) CFO Craig A. Creaturo acquired 7,000 shares of Unifi stock in a transaction that occurred on Thursday, May 5th. The stock was bought at an average price of $14.05 per share, with a total value of $98,350.00. Following the purchase, the chief financial officer now directly owns 47,508 shares of the company’s stock, valued at $667,487.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NYSE UFI traded down $0.32 during mid-day trading on Monday, reaching $13.21. 3,359 shares of the stock were exchanged, compared to its average volume of 66,676. Unifi, Inc. has a 1-year low of $13.31 and a 1-year high of $28.66. The firm’s fifty day simple moving average is $17.19. The firm has a market capitalization of $244.77 million, a PE ratio of 10.25 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.14 and a quick ratio of 1.71.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. raised its stake in Unifi by 274.7% during the third quarter. Advisor Group Holdings Inc. now owns 1,199 shares of the textile maker’s stock worth $27,000 after purchasing an additional 879 shares during the period. KBC Group NV purchased a new position in Unifi during the third quarter worth approximately $52,000. Metropolitan Life Insurance Co NY purchased a new position in Unifi during the third quarter worth approximately $79,000. Lazard Asset Management LLC raised its stake in Unifi by 33.9% during the fourth quarter. Lazard Asset Management LLC now owns 3,618 shares of the textile maker’s stock worth $83,000 after purchasing an additional 915 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Unifi by 10.4% in the 4th quarter. Deutsche Bank AG now owns 8,680 shares of the textile maker’s stock valued at $201,000 after acquiring an additional 817 shares during the period. Hedge funds and other institutional investors own 74.37% of the company’s stock.
UFI has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Unifi in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research lowered shares of Unifi from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th.
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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