Minerva Advisors LLC Has $5.95 Million Stock Holdings in Unifi, Inc. (NYSE:UFI)

Minerva Advisors LLC boosted its holdings in Unifi, Inc. (NYSE:UFI) by 11.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 810,228 shares of the textile maker’s stock after acquiring an additional 81,742 shares during the period. Unifi accounts for 3.4% of Minerva Advisors LLC’s holdings, making the stock its 9th biggest position. Minerva Advisors LLC owned about 4.44% of Unifi worth $5,947,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Empowered Funds LLC boosted its holdings in shares of Unifi by 5.0% during the third 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 period. OneDigital Investment Advisors LLC boosted its stake in Unifi by 25.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock valued at $110,000 after purchasing an additional 3,000 shares during the period. Virtu Financial LLC grew its holdings in Unifi by 24.9% in the 1st quarter. Virtu Financial LLC now owns 15,818 shares of the textile maker’s stock valued at $95,000 after buying an additional 3,158 shares in the last quarter. Marshall Wace LLP grew its holdings in Unifi by 10.6% in the 2nd quarter. Marshall Wace LLP now owns 80,172 shares of the textile maker’s stock valued at $472,000 after buying an additional 7,679 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Unifi by 74.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 39,259 shares of the textile maker’s stock worth $288,000 after buying an additional 16,727 shares during the period. Institutional investors and hedge funds own 67.67% of the company’s stock.

Unifi Stock Performance

Shares of Unifi stock opened at $5.64 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.29 and a quick ratio of 1.39. The firm has a 50-day moving average of $6.71 and a 200-day moving average of $6.29. Unifi, Inc. has a 52-week low of $5.41 and a 52-week high of $7.91.

Unifi (NYSE:UFI) last announced its earnings results on Wednesday, August 21st. The textile maker reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. Unifi had a negative net margin of 7.07% and a negative return on equity of 13.42%. The firm had revenue of $157.45 million for the quarter, compared to analyst estimates of $156.69 million. During the same quarter in the prior year, the business posted ($0.39) EPS. As a group, equities analysts forecast that Unifi, Inc. will post -0.75 earnings per share for the current fiscal year.

Unifi Company 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.