Posted by admin on Jun 26th, 2022

Foundry Partners LLC bought a new position in shares of Unifi, Inc. (NYSE:UFI – Get Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 49,675 shares of the textile maker’s stock, valued at approximately $899,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC grew its holdings 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 acquiring an additional 915 shares during the period. Boston Partners grew its holdings in Unifi by 17.6% during the fourth quarter. Boston Partners now owns 12,066 shares of the textile maker’s stock worth $279,000 after acquiring an additional 1,803 shares during the period. Mcmillion Capital Management Inc. grew its holdings in Unifi by 30.0% during the fourth quarter. Mcmillion Capital Management Inc. now owns 13,000 shares of the textile maker’s stock worth $301,000 after acquiring an additional 3,000 shares during the period. Alpha Paradigm Partners LLC grew its holdings in Unifi by 41.5% during the fourth quarter. Alpha Paradigm Partners LLC now owns 10,243 shares of the textile maker’s stock worth $237,000 after acquiring an additional 3,006 shares during the period. Finally, American Century Companies Inc. grew its holdings in Unifi by 21.1% during the fourth quarter. American Century Companies Inc. now owns 18,988 shares of the textile maker’s stock worth $440,000 after acquiring an additional 3,304 shares during the period. 74.37% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Craig A. Creaturo purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The shares were purchased 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 owns 47,508 shares of the company’s stock, valued at approximately $667,487.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edmund M. Ingle purchased 5,300 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was bought at an average cost of $13.65 per share, for a total transaction of $72,345.00. Following the purchase, the chief executive officer now directly owns 99,031 shares in the company, valued at approximately $1,351,773.15. The disclosure for this purchase can be found here. Company insiders own 27.36% of the company’s stock.

Separately, StockNews.com began coverage on Unifi in a report on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of UFI opened at $14.27 on Friday. The business’s 50-day moving average price is $14.76 and its 200 day moving average price is $18.21. The stock has a market capitalization of $263.71 million, a P/E ratio of 10.81 and a beta of 1.03. Unifi, Inc. has a 1-year low of $12.10 and a 1-year high of $25.70. The company has a current ratio of 3.14, a quick ratio of 1.71 and a debt-to-equity ratio of 0.24.

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 analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $200.78 million during the quarter, compared to analysts’ expectations of $196.40 million. Unifi had a return on equity of 5.28% and a net margin of 3.21%. On average, research analysts predict that Unifi, Inc. will post 0.8 earnings per share 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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