Kennedy Capital Management Inc. increased its position in shares of Unifi, Inc. (NYSE:UFI) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 327,387 shares of the textile maker’s stock after acquiring an additional 31,400 shares during the quarter. Kennedy Capital Management Inc. owned about 1.80% of Unifi worth $10,084,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. LSV Asset Management boosted its stake in Unifi by 42.6% during the 2nd quarter. LSV Asset Management now owns 416,341 shares of the textile maker’s stock worth $12,823,000 after acquiring an additional 124,363 shares during the last quarter. Royce & Associates LP boosted its stake in Unifi by 16.0% during the 2nd quarter. Royce & Associates LP now owns 400,003 shares of the textile maker’s stock worth $12,320,000 after acquiring an additional 55,300 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Unifi by 11.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 197,375 shares of the textile maker’s stock worth $6,079,000 after acquiring an additional 20,846 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Unifi by 22.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 125,121 shares of the textile maker’s stock worth $3,854,000 after acquiring an additional 22,670 shares during the last quarter. Finally, Stearns Financial Services Group boosted its stake in Unifi by 1.5% during the 2nd quarter. Stearns Financial Services Group now owns 82,457 shares of the textile maker’s stock worth $2,540,000 after acquiring an additional 1,183 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.
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Several research firms recently weighed in on UFI. Zacks Investment Research lowered shares of Unifi from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. BidaskClub lowered shares of Unifi from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, ValuEngine downgraded shares of Unifi from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th.
Shares of Unifi, Inc. (NYSE:UFI) opened at 32.47 on Friday. The firm has a market capitalization of $591.73 million, a P/E ratio of 18.24 and a beta of 0.81. The firm’s 50-day moving average is $31.29 and its 200 day moving average is $29.03. Unifi, Inc. has a one year low of $26.03 and a one year high of $34.70.
Unifi (NYSE:UFI) last posted its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $171.30 million for the quarter, compared to analysts’ expectations of $165.18 million. Unifi had a return on equity of 9.91% and a net margin of 5.08%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. Equities research analysts predict that Unifi, Inc. will post $1.86 earnings per share for the current year.
In other Unifi news, Director Robert J. Bishop purchased 2,998 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were purchased at an average cost of $30.99 per share, for a total transaction of $92,908.02. Following the acquisition, the director now owns 9,198 shares of the company’s stock, valued at $285,046.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Bishop purchased 3,683 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average price of $29.98 per share, for a total transaction of $110,416.34. Following the completion of the acquisition, the director now directly owns 6,200 shares in the company, valued at approximately $185,876. The disclosure for this purchase can be found here. Insiders have acquired a total of 21,183 shares of company stock worth $650,934 over the last 90 days. Company insiders own 16.40% of the company’s stock.
Unifi Company Profile
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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