Unifi, Inc. (UFI) Holdings Raised by GSA Capital Partners LLP
GSA Capital Partners LLP boosted its holdings in shares of Unifi, Inc. (NYSE:UFI) by 58.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,218 shares of the textile maker’s stock after purchasing an additional 28,167 shares during the period. GSA Capital Partners LLP owned about 0.42% of Unifi worth $2,716,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in UFI. SG Americas Securities LLC bought a new position in shares of Unifi in the 3rd quarter valued at $114,000. BNP Paribas Arbitrage SA lifted its stake in shares of Unifi by 58.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,628 shares of the textile maker’s stock valued at $143,000 after acquiring an additional 1,709 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of Unifi in the 2nd quarter valued at $212,000. Crossmark Global Holdings Inc. bought a new position in shares of Unifi in the 3rd quarter valued at $215,000. Finally, Voya Investment Management LLC bought a new position in shares of Unifi in the 2nd quarter valued at $258,000. Institutional investors own 78.30% of the company’s stock.
UFI has been the subject of a number of research reports. Zacks Investment Research cut Unifi from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. ValuEngine cut Unifi from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, CJS Securities initiated coverage on Unifi in a research note on Wednesday, September 20th. They issued an “outperform” rating and a $42.00 price target for the company.
Shares of Unifi, Inc. (NYSE:UFI) traded down $0.65 on Friday, hitting $34.72. The stock had a trading volume of 41,200 shares, compared to its average volume of 67,031. Unifi, Inc. has a one year low of $26.02 and a one year high of $39.21. The company has a market cap of $646.15, a PE ratio of 19.22 and a beta of 0.84. The company has a quick ratio of 1.83, a current ratio of 3.39 and a debt-to-equity ratio of 0.29.
Unifi (NYSE:UFI) last announced its quarterly earnings results on Monday, October 23rd. The textile maker reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $164.24 million during the quarter, compared to analysts’ expectations of $163.42 million. Unifi had a return on equity of 9.53% and a net margin of 4.98%. Unifi’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. research analysts anticipate that Unifi, Inc. will post 1.98 earnings per share for the current fiscal year.
In related news, Director Robert J. Bishop bought 5,427 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $34.76 per share, with a total value of $188,642.52. Following the transaction, the director now directly owns 10,288 shares in the company, valued at $357,610.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth G. Langone bought 5,949 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average cost of $37.74 per share, with a total value of $224,515.26. Following the completion of the transaction, the director now owns 1,120,000 shares in the company, valued at $42,268,800. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 17,118 shares of company stock valued at $622,913. 15.40% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for Unifi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifi and related companies with Analyst Ratings Network's FREE daily email newsletter.