GREENSBORO - Unifi Inc . (NYSE: NYSE:UFI), a global textile solutions provider, has revealed significant ownership details showcasing a strong presence of institutional investors and insiders. As of Today, institutional investors hold a commanding 50% share in the company, with hedge funds also having a notable influence through an 18% ownership. Inclusive Capital Partners, L.P. stands out among these with an 11% stake in Unifi.
The company's leadership is also invested in its success, with CEO Edmund Ingle holding a direct 0.6% of the shares. This insider ownership amounts to approximately $14 million, reflecting substantial confidence in Unifi's trajectory.
Further insights into the company's shareholder structure show that the top three shareholders, excluding hedge funds, have significant holdings of 9.8% and 7.2%, contributing to the concentrated nature of ownership. The top nine shareholders combined control over half of the company's equity, indicating a potential for significant influence over corporate decisions.
This concentration of ownership could suggest that Unifi's stakeholders have a vested interest in closely monitoring the company's management and strategic direction. The involvement of institutional investors and insiders is often seen as a positive sign by market observers, as it implies that those with in-depth knowledge of the company are betting on its future success.
InvestingPro Insights
In light of the real-time data from InvestingPro, Unifi Inc. (NYSE: UFI) is currently trading at a notably low Price / Book multiple of 0.39 as of Q1 2024. The company's revenue has been on a declining trend, with a decrease of 27.08% over the last twelve months as of Q1 2024. The gross profit margin stands at a weak 1.22% for the same period.
InvestingPro Tips suggests a few potential concerns for investors. The company has been experiencing a declining trend in earnings per share and analysts do not anticipate that the company will be profitable this year. Furthermore, the company's revenue has been declining at an accelerating rate, which could be a red flag for potential investors.
On a brighter note, Unifi's liquid assets exceed its short-term obligations, indicating a sound liquidity position. This could be a positive sign for investors, as it suggests the company is well-positioned to meet its short-term financial obligations.
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