Insider Buying: Unifi, Inc. (NYSE:UFI) Director Buys $89,338.35 in Stock

Unifi, Inc. (NYSE:UFI) Director Kenneth G. Langone bought 16,097 shares of the business’s stock in a transaction on Monday, February 10th. The stock was bought at an average price of $5.55 per share, for a total transaction of $89,338.35. Following the purchase, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Unifi Stock Up 1.9 %

NYSE:UFI opened at $5.76 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.39 and a current ratio of 3.44. The stock has a market capitalization of $105.70 million, a P/E ratio of -3.15 and a beta of 0.74. The company’s 50-day simple moving average is $5.84 and its 200-day simple moving average is $6.20. Unifi, Inc. has a fifty-two week low of $5.05 and a fifty-two week high of $7.91.

Unifi (NYSE:UFI) last released its quarterly earnings results on Wednesday, February 5th. The textile maker reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts anticipate that Unifi, Inc. will post -0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UFI. Peapod Lane Capital LLC acquired a new stake in Unifi in the fourth quarter worth about $3,191,000. Minerva Advisors LLC raised its position 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 during the last quarter. GSA Capital Partners LLP boosted its stake in Unifi by 279.2% in 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. Dimensional Fund Advisors LP grew its position in Unifi by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 703,151 shares of the textile maker’s stock worth $4,394,000 after purchasing an additional 25,156 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Unifi during the 3rd quarter valued at approximately $128,000. 67.67% of the stock is owned by institutional investors and hedge funds.

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.