22Nw LP Invests $1.46 Million in Unifi, Inc. (NYSE:UFI)

22NW LP acquired a new position in shares of Unifi, Inc. (NYSE:UFI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 233,777 shares of the textile maker's stock, valued at approximately $1,461,000. Unifi makes up about 1.0% of 22NW LP's investment portfolio, making the stock its 15th biggest position. 22NW LP owned about 1.28% of Unifi at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Unifi by 5,775.3% in the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker's stock worth $82,000 after purchasing an additional 10,973 shares during the last quarter. Barclays PLC raised its position in Unifi by 778.3% in the 3rd quarter. Barclays PLC now owns 11,479 shares of the textile maker's stock valued at $85,000 after buying an additional 10,172 shares during the last quarter. Virtu Financial LLC bought a new position in Unifi during the 3rd quarter valued at $128,000. OneDigital Investment Advisors LLC boosted its holdings in Unifi by 53.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 23,000 shares of the textile maker's stock worth $144,000 after acquiring an additional 8,000 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Unifi by 5.7% in the 3rd quarter. State Street Corp now owns 58,922 shares of the textile maker's stock worth $432,000 after acquiring an additional 3,200 shares in the last quarter. 67.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Unifi

In other Unifi news, Director Kenneth G. Langone bought 16,097 shares of the business's stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $5.55 per share, for a total transaction of $89,338.35. Following the completion of the transaction, the director now directly owns 2,352,000 shares of the company's stock, valued at $13,053,600. This trade represents a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.85% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Unifi from a "hold" rating to a "sell" rating in a report on Tuesday, April 29th.

Unifi Stock Performance

Unifi stock traded down $0.06 during mid-day trading on Wednesday, reaching $4.67. 13,280 shares of the company's stock were exchanged, compared to its average volume of 59,917. The firm has a market capitalization of $85.63 million, a PE ratio of -2.55 and a beta of 0.63. The company has a quick ratio of 1.46, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. The business's fifty day simple moving average is $4.99 and its 200 day simple moving average is $5.59. Unifi, Inc. has a one year low of $4.25 and a one year high of $7.91.

Unifi (NYSE:UFI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The textile maker reported ($0.76) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.83) by $0.07. Unifi had a negative net margin of 5.62% and a negative return on equity of 14.49%. The business had revenue of $146.56 million during the quarter, compared to the consensus estimate of $145.28 million. On average, sell-side analysts expect that Unifi, Inc. will post -2.25 earnings per share for the current year.

About Unifi

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. 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.