Tocqueville Asset Management L.P. Lowers Holdings in Unifi, Inc. (NYSE:UFI)

Tocqueville Asset Management L.P. reduced its position in shares of Unifi, Inc. (NYSE:UFI) by 56.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,666 shares of the textile maker’s stock after selling 15,000 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.06% of Unifi worth $73,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Peapod Lane Capital LLC bought a new stake in Unifi during the fourth quarter valued at $3,191,000. Minerva Advisors LLC boosted its position in shares of Unifi by 5.6% during the 4th quarter. Minerva Advisors LLC now owns 855,241 shares of the textile maker’s stock valued at $5,345,000 after acquiring an additional 45,013 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Unifi by 279.2% during the third quarter. GSA Capital Partners LLP now owns 60,211 shares of the textile maker’s stock worth $442,000 after purchasing an additional 44,332 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Unifi in the third quarter worth approximately $128,000. Finally, JPMorgan Chase & Co. raised its stake 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 in the last quarter. Institutional investors own 67.67% of the company’s stock.

Insider Activity at Unifi

In other Unifi news, Director Kenneth G. Langone purchased 16,097 shares of Unifi stock in a transaction on Monday, February 10th. The shares were acquired at an average cost of $5.55 per share, for a total transaction of $89,338.35. Following the completion of the transaction, the director now directly owns 2,352,000 shares of the company’s stock, valued at approximately $13,053,600. The trade was a 0.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 17.85% of the stock is currently owned by insiders.

Unifi Price Performance

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

Unifi (NYSE:UFI) last announced its earnings results on Wednesday, February 5th. The textile maker reported ($0.86) earnings per share (EPS) 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%. On average, analysts predict that Unifi, Inc. will post -2.25 EPS for the current fiscal year.

Unifi 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.