Posted by admin on Jul 16th, 2022
Assenagon Asset Management S.A. reduced its stake in shares of Unifi, Inc. (NYSE:UFI – Get Rating) by 19.3% in the 1st quarter, HoldingsChannel reports. The firm owned 77,563 shares of the textile maker’s stock after selling 18,594 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Unifi were worth $1,404,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of UFI. Rice Hall James & Associates LLC raised its position in shares of Unifi by 119.6% during the 4th quarter. Rice Hall James & Associates LLC now owns 131,456 shares of the textile maker’s stock worth $3,043,000 after purchasing an additional 71,598 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Unifi in the 4th quarter valued at $1,407,000. Roubaix Capital LLC raised its holdings in Unifi by 57.7% in the 4th quarter. Roubaix Capital LLC now owns 159,104 shares of the textile maker’s stock valued at $3,683,000 after acquiring an additional 58,240 shares during the last quarter. Foundry Partners LLC acquired a new position in Unifi in the 1st quarter valued at $899,000. Finally, First Eagle Investment Management LLC acquired a new position in Unifi in the 4th quarter valued at $1,085,000. 74.37% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Edmund M. Ingle acquired 5,300 shares of the stock in a transaction dated Friday, May 6th. The stock was bought at an average cost of $13.65 per share, with a total value of $72,345.00. Following the purchase, the chief executive officer now directly owns 99,031 shares of the company’s stock, valued at $1,351,773.15. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Edmund M. Ingle acquired 5,300 shares of the stock in a transaction dated Friday, May 6th. The stock was bought at an average cost of $13.65 per share, with a total value of $72,345.00. Following the purchase, the chief executive officer now directly owns 99,031 shares of the company’s stock, valued at $1,351,773.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Craig A. Creaturo acquired 7,000 shares of the stock in a transaction dated Thursday, May 5th. The shares were bought at an average cost of $14.05 per share, with a total value of $98,350.00. Following the completion of the purchase, the chief financial officer now directly owns 47,508 shares in the company, valued at $667,487.40. The disclosure for this purchase can be found here. Corporate insiders own 27.36% of the company’s stock.
Separately, StockNews.com started coverage on Unifi in a report on Thursday, March 31st. They issued a “hold” rating for the company.
Shares of UFI opened at $13.45 on Friday. The stock has a fifty day moving average of $14.14 and a two-hundred day moving average of $17.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.71 and a current ratio of 3.14. The company has a market capitalization of $248.53 million, a PE ratio of 10.19 and a beta of 1.04. Unifi, Inc. has a fifty-two week low of $12.10 and a fifty-two week high of $25.70.
Unifi (NYSE:UFI – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The textile maker reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $200.78 million during the quarter, compared to analyst estimates of $196.40 million. Unifi had a net margin of 3.21% and a return on equity of 5.28%. As a group, analysts forecast that Unifi, Inc. will post 0.8 EPS for the current year.
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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