Unifi, Inc. (NYSE:UFI) CEO Edmund M. Ingle Buys 2,600 Shares of Stock

Unifi, Inc. (NYSE:UFIGet Rating) CEO Edmund M. Ingle purchased 2,600 shares of the business’s stock in a transaction on Monday, November 21st. The stock was purchased at an average cost of $8.39 per share, with a total value of $21,814.00. Following the completion of the acquisition, the chief executive officer now owns 104,034 shares in the company, valued at $872,845.26. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Unifi Stock Up 1.9 %

Shares of NYSE:UFI opened at $8.39 on Tuesday. The firm has a fifty day moving average of $9.22 and a 200 day moving average of $12.05. Unifi, Inc. has a 52-week low of $6.33 and a 52-week high of $24.73. The company has a current ratio of 4.05, a quick ratio of 1.95 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Unifi

A number of hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE raised its holdings in shares of Unifi by 82.1% during the 2nd quarter. US Bancorp DE now owns 1,750 shares of the textile maker’s stock valued at $25,000 after buying an additional 789 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Unifi by 17.9% during the first quarter. State of Tennessee Treasury Department now owns 5,683 shares of the textile maker’s stock worth $103,000 after acquiring an additional 861 shares in the last quarter. Amalgamated Bank bought a new stake in shares of Unifi in the 1st quarter worth approximately $112,000. Wellington Shields Capital Management LLC purchased a new stake in shares of Unifi in the 1st quarter valued at $128,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Unifi by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 7,481 shares of the textile maker’s stock valued at $135,000 after purchasing an additional 2,716 shares during the last quarter. 80.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Unifi Company Profile

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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.

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

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