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

Minerva Advisors LLC lifted its stake in shares of Unifi, Inc. (NYSE:UFI) by 11.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 810,228 shares of the textile maker’s stock after acquiring an additional 81,742 shares during the period. Unifi comprises 3.4% of Minerva Advisors LLC’s investment portfolio, making the stock its 9th largest position. Minerva Advisors LLC’s holdings in Unifi were worth $5,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Empowered Funds LLC increased its position in Unifi by 8.0% in the 1st quarter. Empowered Funds LLC now owns 32,222 shares of the textile maker’s stock valued at $193,000 after acquiring an additional 2,384 shares during the period. Virtu Financial LLC raised its position in Unifi by 24.9% during the 1st quarter. Virtu Financial LLC now owns 15,818 shares of the textile maker’s stock worth $95,000 after purchasing an additional 3,158 shares during the last quarter. Pinnacle Associates Ltd. raised its position in Unifi by 10.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 899,771 shares of the textile maker’s stock worth $5,300,000 after purchasing an additional 84,989 shares during the last quarter. Acuitas Investments LLC lifted its holdings in Unifi by 20.4% during the 2nd quarter. Acuitas Investments LLC now owns 404,356 shares of the textile maker’s stock worth $2,382,000 after buying an additional 68,605 shares during the period. Finally, Factorial Partners LLC bought a new stake in shares of Unifi in the 2nd quarter valued at about $103,000. 67.67% of the stock is currently owned by institutional investors and hedge funds.

Unifi Stock Up 0.7 %

Shares of UFI opened at $5.64 on Tuesday. The business has a 50-day moving average of $6.71 and a 200-day moving average of $6.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.39 and a current ratio of 3.29. Unifi, Inc. has a 1 year low of $5.41 and a 1 year high of $7.91.

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