Unifi, Inc. (NYSE:UFI) General Counsel Gregory K. Sigmon Acquires 1,500 Shares

Unifi, Inc. (NYSE:UFI – Get Rating) General Counsel Gregory K. Sigmon bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was purchased at an average price of $8.62 per share, for a total transaction of $12,930.00. Following the acquisition, the general counsel now directly owns 11,802 shares in the company, valued at $101,733.24. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Unifi Stock Performance

NYSE UFI opened at $7.70 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.73 and a quick ratio of 2.23. The firm has a market capitalization of $138.99 million, a price-to-earnings ratio of -6.75 and a beta of 0.90. The company’s fifty day moving average is $9.23 and its two-hundred day moving average is $9.21. Unifi, Inc. has a 52-week low of $6.33 and a 52-week high of $19.03.

Unifi (NYSE:UFI – Get Rating) last posted its quarterly earnings results on Wednesday, February 1st. The textile maker reported ($1.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.85) by $0.64. The company had revenue of $136.21 million for the quarter, compared to analyst estimates of $135.99 million. Unifi had a negative net margin of 2.77% and a negative return on equity of 7.03%. Equities research analysts forecast that Unifi, Inc. will post -2.67 EPS for the current year.

Institutional Trading of Unifi

Several hedge funds and other institutional investors have recently bought and sold shares of UFI. US Bancorp DE boosted its position 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 acquiring an additional 789 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Unifi during the 3rd quarter valued at about $42,000. MetLife Investment Management LLC boosted its position 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 acquiring an additional 2,716 shares in the last quarter. Shufro Rose & Co. LLC acquired a new stake in shares of Unifi during the 3rd quarter valued at about $96,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Unifi by 13.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,961 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 1,458 shares in the last quarter. 65.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, CJS Securities upgraded shares of Unifi from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 2nd.

Unifi Company Profile

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Unifi, Inc engages in the manufacture and sale of synthetic and recycled products made from polyester and nylon. It operates through the following segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment sells polyester-based products to other yarn manufacturers, knitters, and weavers that produce yarn and fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets in U.S.