Unifi, Inc. (NYSE:UFI) CEO Edmund M. Ingle Purchases 2,403 Shares

Unifi, Inc. (NYSE:UFIGet Rating) CEO Edmund M. Ingle purchased 2,403 shares of Unifi stock in a transaction dated Thursday, November 17th. The stock was bought at an average price of $7.94 per share, for a total transaction of $19,079.82. Following the completion of the purchase, the chief executive officer now owns 101,434 shares in the company, valued at approximately $805,385.96. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Unifi Stock Up 2.5 %

Shares of UFI stock opened at $9.05 on Thursday. The firm has a market capitalization of $163.26 million, a PE ratio of -100.54 and a beta of 0.99. The stock’s 50-day simple moving average is $9.14 and its 200-day simple moving average is $12.00. Unifi, Inc. has a fifty-two week low of $6.33 and a fifty-two week high of $24.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.95 and a current ratio of 4.05.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UFI. US Bancorp DE raised its position in Unifi by 82.1% in the second quarter. US Bancorp DE now owns 1,750 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 789 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Unifi during the third quarter worth approximately $42,000. Shufro Rose & Co. LLC bought a new position in shares of Unifi in the third quarter valued at $96,000. State of Tennessee Treasury Department increased its holdings in shares of Unifi by 17.9% in the first quarter. State of Tennessee Treasury Department now owns 5,683 shares of the textile maker’s stock valued at $103,000 after buying an additional 861 shares in the last quarter. Finally, Amalgamated Bank acquired a new stake in Unifi during the 1st quarter valued at $112,000. Hedge funds and other institutional investors own 80.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. CJS Securities downgraded shares of Unifi from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. TheStreet downgraded shares of Unifi from a “c-” rating to a “d” rating in a report on Friday, November 4th. Finally, StockNews.com lowered Unifi from a “hold” rating to a “sell” rating in a research note on Monday, November 7th.

About Unifi

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Unifi, Inc, together with its subsidiaries, manufactures and sells recycled and synthetic products in the United States, China, Brazil, and internationally. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.

Further Reading

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

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