Unifi, Inc. (UFI) Director Paul R. Charron Purchases 1,000 Shares
Unifi, Inc. (NYSE:UFI) Director Paul R. Charron bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average cost of $31.50 per share, with a total value of $31,500.00. Following the completion of the transaction, the director now directly owns 19,915 shares in the company, valued at $627,322.50. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Unifi, Inc. (UFI) traded down 0.60% during mid-day trading on Wednesday, reaching $31.23. The company’s stock had a trading volume of 83,959 shares. The company has a market cap of $569.14 million, a P/E ratio of 17.54 and a beta of 0.79. The company has a 50-day moving average of $30.35 and a 200-day moving average of $28.59. Unifi, Inc. has a 12 month low of $25.11 and a 12 month high of $34.70.
Unifi (NYSE:UFI) last issued its quarterly earnings data on Wednesday, July 26th. The textile maker reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The business had revenue of $171.30 million during the quarter, compared to analyst estimates of $165.18 million. During the same period last year, the business posted $0.57 earnings per share. Unifi’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts forecast that Unifi, Inc. will post $1.86 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Unifi by 58.5% in the second quarter. BNP Paribas Arbitrage SA now owns 4,628 shares of the textile maker’s stock valued at $143,000 after buying an additional 1,709 shares during the period. Harbour Capital Advisors LLC increased 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 worth $300,000 after buying an additional 8,940 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Unifi by 1.0% in the second quarter. Texas Permanent School Fund now owns 11,175 shares of the textile maker’s stock worth $344,000 after buying an additional 106 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new position in shares of Unifi during the second quarter worth $396,000. Finally, Aperio Group LLC increased 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 worth $446,000 after buying an additional 1,086 shares in the last quarter. Institutional investors and hedge funds own 76.75% of the company’s stock.
A number of analysts recently commented on the company. Zacks Investment Research lowered Unifi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub lowered Unifi from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, ValuEngine lowered Unifi from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th.
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.
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