Tocqueville Asset Management L.P. Decreases Stock Position in Unifi, Inc. (NYSE:UFI)

Tocqueville Asset Management L.P. cut its stake in shares of Unifi, Inc. (NYSE:UFI) by 56.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,666 shares of the textile maker’s stock after selling 15,000 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Unifi were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of UFI. JPMorgan Chase & Co. lifted its position in Unifi by 5,775.3% in the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after purchasing an additional 10,973 shares during the last quarter. Barclays PLC raised its holdings in Unifi by 778.3% during 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. OneDigital Investment Advisors LLC boosted its position in Unifi by 25.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock valued at $110,000 after buying an additional 3,000 shares during the period. Virtu Financial LLC purchased a new stake in Unifi during the 3rd quarter valued at $128,000. Finally, Empowered Funds LLC grew its holdings in Unifi by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 36,304 shares of the textile maker’s stock worth $266,000 after acquiring an additional 1,742 shares during the last quarter. 67.67% of the stock is currently owned by institutional investors.

Unifi Stock Performance

Unifi stock opened at $5.04 on Friday. The company has a current ratio of 3.44, a quick ratio of 1.46 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $5.68 and a 200-day moving average of $6.08. The firm has a market cap of $92.40 million, a P/E ratio of -2.75 and a beta of 0.80. Unifi, Inc. has a 1-year low of $4.83 and a 1-year high of $7.91.

Unifi (NYSE:UFI) last released its quarterly earnings data on Wednesday, February 5th. The textile maker reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.31). Unifi had a negative return on equity of 14.49% and a negative net margin of 5.62%. Sell-side analysts expect that Unifi, Inc. will post -2.25 EPS for the current year.

Insider Activity at Unifi

In related news, Director Kenneth G. Langone bought 16,097 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was purchased at an average cost of $5.55 per share, with a total value of $89,338.35. Following the transaction, the director now owns 2,352,000 shares in the company, valued at approximately $13,053,600. This trade represents a 0.69 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 17.85% of the stock is currently owned by company insiders.

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.