GSA Capital Partners LLP Acquires 28,167 Shares of Unifi, Inc. (UFI)

GSA Capital Partners LLP lifted its position in Unifi, Inc. (NYSE:UFI) by 58.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,218 shares of the textile maker’s stock after purchasing an additional 28,167 shares during the quarter. GSA Capital Partners LLP owned about 0.42% of Unifi worth $2,716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Uniplan Investment Counsel Inc. boosted its holdings in shares of Unifi by 93.6% in the second quarter. Uniplan Investment Counsel Inc. now owns 362,477 shares of the textile maker’s stock valued at $11,164,000 after purchasing an additional 175,229 shares during the period. LSV Asset Management raised its stake in Unifi by 42.6% in the second quarter. LSV Asset Management now owns 416,341 shares of the textile maker’s stock worth $12,823,000 after buying an additional 124,363 shares in the last quarter. Royal Bank of Canada raised its stake in Unifi by 16.5% in the second quarter. Royal Bank of Canada now owns 634,731 shares of the textile maker’s stock worth $19,549,000 after buying an additional 89,921 shares in the last quarter. Victory Capital Management Inc. raised its stake in Unifi by 9.3% in the third quarter. Victory Capital Management Inc. now owns 1,022,282 shares of the textile maker’s stock worth $36,424,000 after buying an additional 86,563 shares in the last quarter. Finally, Royce & Associates LP raised its stake in Unifi by 16.0% in the second quarter. Royce & Associates LP now owns 400,003 shares of the textile maker’s stock worth $12,320,000 after buying an additional 55,300 shares in the last quarter. 78.30% of the stock is currently owned by institutional investors.

Unifi, Inc. (NYSE:UFI) traded down $0.14 during mid-day trading on Friday, reaching $35.87. 62,366 shares of the company’s stock were exchanged, compared to its average volume of 48,041. The firm has a market cap of $657.84, a P/E ratio of 20.50 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.83 and a current ratio of 3.39. Unifi, Inc. has a 12 month low of $26.02 and a 12 month high of $39.21.

Unifi (NYSE:UFI) last posted its quarterly earnings data on Monday, October 23rd. The textile maker reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $164.24 million during the quarter, compared to analysts’ expectations of $163.42 million. Unifi had a net margin of 4.98% and a return on equity of 9.53%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. analysts anticipate that Unifi, Inc. will post 1.98 earnings per share for the current year.

UFI has been the topic of a number of recent analyst reports. Zacks Investment Research raised Unifi from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered shares of Unifi from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, CJS Securities started coverage on shares of Unifi in a research note on Wednesday, September 20th. They set an “outperform” rating and a $42.00 target price on the stock.

In other news, Director Kenneth G. Langone acquired 5,949 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average cost of $37.74 per share, with a total value of $224,515.26. Following the transaction, the director now owns 1,120,000 shares in the company, valued at $42,268,800. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert J. Bishop acquired 5,427 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $34.76 per share, with a total value of $188,642.52. Following the completion of the transaction, the director now owns 10,288 shares in the company, valued at approximately $357,610.88. The disclosure for this purchase can be found here. Insiders acquired a total of 17,118 shares of company stock valued at $622,913 in the last three months. 15.40% of the stock is currently owned by corporate insiders.

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About Unifi

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.

Institutional Ownership by Quarter for Unifi (NYSE:UFI)

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