Peapod Lane Capital LLC Makes New $3.19 Million Investment in Unifi, Inc. (NYSE:UFI)

Peapod Lane Capital LLC purchased a new stake in Unifi, Inc. (NYSE:UFI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 510,558 shares of the textile maker’s stock, valued at approximately $3,191,000. Unifi comprises approximately 3.2% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of UFI. JPMorgan Chase & Co. boosted its stake in Unifi by 5,775.3% in the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after buying an additional 10,973 shares in the last quarter. Barclays PLC lifted 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 acquiring an additional 10,172 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Unifi by 25.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock valued at $110,000 after purchasing an additional 3,000 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Unifi during the 3rd quarter valued at approximately $128,000. Finally, Empowered Funds LLC increased its position in 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 in the last quarter. Institutional investors own 67.67% of the company’s stock.

Insider Buying and Selling at Unifi

In other news, Director Kenneth G. Langone acquired 16,097 shares of the stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $5.55 per share, with a total value of $89,338.35. Following the completion of the purchase, the director now directly owns 2,352,000 shares of the company’s stock, valued at $13,053,600. This represents a 0.69 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 17.85% of the company’s stock.

Unifi Trading Down 1.2 %

Shares of NYSE:UFI opened at $5.10 on Thursday. Unifi, Inc. has a one year low of $5.05 and a one year high of $7.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 1.39. The firm has a 50 day simple moving average of $5.85 and a 200 day simple moving average of $6.21.

Unifi (NYSE:UFI) last announced its quarterly earnings results on Wednesday, February 5th. The textile maker reported ($0.86) 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%. As a group, research analysts anticipate that Unifi, Inc. will post -0.96 EPS 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.