Franklin Resources Inc. Sells 74,519 Shares of Unifi, Inc. (NYSE:UFI)

Franklin Resources Inc. trimmed its position in shares of Unifi, Inc. (NYSE:UFI) by 15.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 398,169 shares of the textile maker’s stock after selling 74,519 shares during the quarter. Franklin Resources Inc.’s holdings in Unifi were worth $2,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. grew its stake in shares of Unifi by 10.4% during the second quarter. Pinnacle Associates Ltd. now owns 899,771 shares of the textile maker’s stock valued at $5,300,000 after buying an additional 84,989 shares during the last quarter. Minerva Advisors LLC boosted its holdings in Unifi by 11.2% during the 3rd quarter. Minerva Advisors LLC now owns 810,228 shares of the textile maker’s stock valued at $5,947,000 after acquiring an additional 81,742 shares during the period. Acuitas Investments LLC increased its stake in Unifi by 20.4% in the second quarter. Acuitas Investments LLC now owns 404,356 shares of the textile maker’s stock worth $2,382,000 after purchasing an additional 68,605 shares during the period. Marshall Wace LLP lifted its position in shares of Unifi by 10.6% during the second quarter. Marshall Wace LLP now owns 80,172 shares of the textile maker’s stock worth $472,000 after purchasing an additional 7,679 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake 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 valued at $442,000 after purchasing an additional 44,332 shares during the period. 67.67% of the stock is owned by hedge funds and other institutional investors.

Unifi Trading Up 0.7 %

NYSE UFI opened at $5.60 on Thursday. The stock has a market cap of $102.30 million, a PE ratio of -2.42 and a beta of 0.79. Unifi, Inc. has a 12 month low of $5.41 and a 12 month high of $7.91. The company’s 50-day moving average price is $5.97 and its 200-day moving average price is $6.16. The company has a current ratio of 3.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.46.

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.