HRT Financial LP Buys Shares of 26,652 Unifi, Inc. (NYSE:UFI)
HRT Financial LP bought a new stake in Unifi, Inc. (NYSE:UFI - Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,652 shares of the textile maker's stock, valued at approximately $229,000. HRT Financial LP owned approximately 0.15% of Unifi at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of UFI. First Eagle Investment Management LLC grew its stake in Unifi by 51.2% in the fourth quarter. First Eagle Investment Management LLC now owns 474,159 shares of the textile maker's stock valued at $4,083,000 after purchasing an additional 160,500 shares in the last quarter. Donald Smith & CO. Inc. purchased a new position in Unifi in the fourth quarter valued at about $1,076,000. Invesco Ltd. grew its stake in Unifi by 25.0% in the first quarter. Invesco Ltd. now owns 538,068 shares of the textile maker's stock valued at $9,739,000 after purchasing an additional 107,502 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Unifi during the 3rd quarter worth about $909,000. Finally, Two Sigma Advisers LP boosted its stake in shares of Unifi by 199.0% during the 3rd quarter. Two Sigma Advisers LP now owns 124,548 shares of the textile maker's stock worth $1,184,000 after acquiring an additional 82,900 shares in the last quarter. Hedge funds and other institutional investors own 65.72% of the company's stock.
In related news, Director Archibald Cox, Jr. sold 50,000 shares of the business's stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $8.16, for a total transaction of $408,000.00. Following the completion of the transaction, the director now owns 129,376 shares of the company's stock, valued at approximately $1,055,708.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.85% of the stock is owned by insiders.
UFI opened at $7.77 on Friday. The company has a market cap of $140.33 million, a PE ratio of -5.05 and a beta of 0.88. The stock has a 50-day moving average of $7.87 and a 200-day moving average of $8.45. Unifi, Inc. has a 52-week low of $6.33 and a 52-week high of $15.78. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.02 and a current ratio of 3.89.
Separately, StockNews.com initiated coverage on Unifi in a research note on Thursday, May 18th. They set a "sell" rating for the company.
Unifi, Inc engages in the manufacture and sale of synthetic and recycled products made from polyester and nylon. It operates through the following segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment sells polyester-based products to other yarn manufacturers, knitters, and weavers that produce yarn and fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets in U.S.
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