Azarias Capital Management L.P. Lowers Stock Position in Unifi, Inc. (NYSE:UFI)

Azarias Capital Management L.P. trimmed its holdings in shares of Unifi, Inc. (NYSE:UFI) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,430,375 shares of the textile maker’s stock after selling 11,388 shares during the period. Unifi comprises 4.0% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 12th biggest holding. Azarias Capital Management L.P. owned approximately 0.08% of Unifi worth $8,940,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in Unifi by 74.2% during the third quarter. Assenagon Asset Management S.A. now owns 39,259 shares of the textile maker’s stock worth $288,000 after acquiring an additional 16,727 shares during the period. GSA Capital Partners LLP boosted its position in shares of Unifi by 279.2% during the 3rd 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 in the last quarter. OneDigital Investment Advisors LLC boosted its position 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 worth $110,000 after purchasing an additional 3,000 shares in the last quarter. Empowered Funds LLC grew 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 worth $266,000 after purchasing an additional 1,742 shares during the period. Finally, Minerva Advisors LLC increased its holdings in shares of Unifi by 11.2% in the 3rd quarter. Minerva Advisors LLC now owns 810,228 shares of the textile maker’s stock valued at $5,947,000 after purchasing an additional 81,742 shares in the last quarter. 67.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Kenneth G. Langone bought 16,097 shares of the stock in a transaction on Monday, February 10th. The shares were bought at an average price of $5.55 per share, with a total value of $89,338.35. Following the completion of the acquisition, the director now owns 2,352,000 shares of the company’s stock, valued at approximately $13,053,600. This trade represents a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.85% of the stock is currently owned by insiders.

Unifi Stock Down 1.2 %

UFI stock opened at $5.10 on Thursday. The company has a current ratio of 3.44, a quick ratio of 1.39 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $5.85 and its 200 day moving average price is $6.21. Unifi, Inc. has a 52 week low of $5.05 and a 52 week high of $7.91. The company has a market cap of $93.18 million, a P/E ratio of -2.79 and a beta of 0.74.

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 net margin of 5.62% and a negative return on equity of 14.49%. On average, research analysts expect that Unifi, Inc. will post -0.96 earnings per share for the current fiscal year.

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.