Insider Buying: Unifi, Inc. (UFI) Insider Purchases 52,500 Shares of Stock
Unifi, Inc. (NYSE:UFI) insider Spring Master Fund L. Valueact bought 52,500 shares of the stock in a transaction on Monday, May 13th. The stock was purchased at an average cost of $20.20 per share, with a total value of $1,060,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of UFI opened at $20.58 on Thursday. Unifi, Inc. has a 12-month low of $17.83 and a 12-month high of $33.62. The company has a quick ratio of 1.76, a current ratio of 3.30 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $375.84 million, a price-to-earnings ratio of 15.59 and a beta of 0.78.
Unifi (NYSE:UFI) last issued its earnings results on Wednesday, May 1st. The textile maker reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). Unifi had a return on equity of 1.77% and a net margin of 1.72%. The firm had revenue of $179.99 million during the quarter, compared to analyst estimates of $173.60 million. As a group, research analysts forecast that Unifi, Inc. will post 0.12 earnings per share for the current fiscal year.
A number of brokerages have issued reports on UFI. Zacks Investment Research cut Unifi from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. ValuEngine raised Unifi from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Finally, Sidoti cut Unifi from a “buy” rating to a “neutral” rating in a report on Friday, March 22nd.
Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.
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