Unifi, Inc. (NYSE:UFI) Director Robert J. Bishop acquired 12,002 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $30.69 per share, for a total transaction of $368,341.38. Following the completion of the acquisition, the director now owns 6,200 shares of the company’s stock, valued at $190,278. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Unifi, Inc. (UFI) traded down 1.16% during midday trading on Tuesday, reaching $30.72. 41,718 shares of the company’s stock traded hands. Unifi, Inc. has a one year low of $25.11 and a one year high of $34.70. The stock’s 50 day moving average price is $30.79 and its 200-day moving average price is $28.62. The stock has a market cap of $559.84 million, a PE ratio of 17.26 and a beta of 0.79.

Unifi (NYSE:UFI) last announced its earnings results on Wednesday, July 26th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $171.30 million for the quarter, compared to analysts’ expectations of $165.18 million. Unifi had a return on equity of 9.91% and a net margin of 5.08%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. Equities analysts predict that Unifi, Inc. will post $1.86 earnings per share for the current year.

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Several research firms have commented on UFI. Zacks Investment Research downgraded shares of Unifi from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 2nd. ValuEngine downgraded shares of Unifi from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, BidaskClub downgraded shares of Unifi from a “buy” rating to a “hold” rating in a report on Saturday, July 8th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stearns Financial Services Group boosted its position in shares of Unifi by 1.5% in the second quarter. Stearns Financial Services Group now owns 82,457 shares of the textile maker’s stock valued at $2,540,000 after buying an additional 1,183 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Unifi by 2,980.0% in the second quarter. Harbour Capital Advisors LLC now owns 9,240 shares of the textile maker’s stock valued at $300,000 after buying an additional 8,940 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Unifi by 18.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 19,500 shares of the textile maker’s stock valued at $601,000 after buying an additional 2,970 shares during the last quarter. Aperio Group LLC boosted its position in shares of Unifi by 8.1% in the second quarter. Aperio Group LLC now owns 14,487 shares of the textile maker’s stock valued at $446,000 after buying an additional 1,086 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Unifi by 11.8% in the second quarter. Neuberger Berman Group LLC now owns 197,375 shares of the textile maker’s stock valued at $6,079,000 after buying an additional 20,846 shares during the last quarter. 77.14% of the stock is currently owned by institutional investors and hedge funds.

About Unifi

Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.

Insider Buying and Selling by Quarter for Unifi (NYSE:UFI)

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