Azarias Capital Management L.P. Has $4.54 Million Stock Position in Unifi, Inc. (NYSE:UFI)

Azarias Capital Management L.P. decreased its holdings in Unifi, Inc. (NYSE:UFI - Free Report) by 34.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 943,364 shares of the textile maker's stock after selling 487,011 shares during the period. Unifi makes up about 2.5% of Azarias Capital Management L.P.'s portfolio, making the stock its 17th biggest position. Azarias Capital Management L.P. owned about 5.14% of Unifi worth $4,538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Minerva Advisors LLC raised its position in Unifi by 5.6% in the fourth quarter. Minerva Advisors LLC now owns 855,241 shares of the textile maker's stock valued at $5,345,000 after purchasing an additional 45,013 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Unifi by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 703,151 shares of the textile maker's stock valued at $4,394,000 after purchasing an additional 25,156 shares during the last quarter. 22NW LP bought a new position in Unifi in the fourth quarter valued at about $1,461,000. Northern Trust Corp raised its position in Unifi by 22.4% in the fourth quarter. Northern Trust Corp now owns 65,179 shares of the textile maker's stock valued at $407,000 after purchasing an additional 11,919 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in Unifi by 53.3% in the fourth quarter. OneDigital Investment Advisors LLC now owns 23,000 shares of the textile maker's stock valued at $144,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors own 67.67% of the company's stock.

Unifi Trading Up 0.8%

Unifi stock traded up $0.04 during trading hours on Monday, hitting $4.77. The stock had a trading volume of 40,104 shares, compared to its average volume of 59,941. Unifi, Inc. has a one year low of $4.25 and a one year high of $7.91. The company has a quick ratio of 1.45, a current ratio of 3.12 and a debt-to-equity ratio of 0.56. The stock has a market cap of $87.58 million, a price-to-earnings ratio of -2.19 and a beta of 0.53. The business's 50 day simple moving average is $4.97 and its 200-day simple moving average is $5.32.

Unifi (NYSE:UFI - Get Free Report) last issued 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 return on equity of 16.67% and a negative net margin of 6.74%. The company had revenue of $146.56 million during the quarter, compared to the consensus estimate of $145.28 million. On average, equities analysts predict that Unifi, Inc. will post -2.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Unifi from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th.

Unifi Profile

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.