Culp, Inc. (NYSE:CULP) Major Shareholder Purchases $21,817.40 in Stock

Culp, Inc. (NYSE:CULP) major shareholder Aron R. English acquired 4,220 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $5.17 per share, with a total value of $21,817.40. Following the acquisition, the insider now owns 1,734,323 shares in the company, valued at $8,966,449.91. The trade was a 0.24 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Culp Stock Up 0.7 %

CULP traded up $0.04 on Monday, hitting $5.18. The company’s stock had a trading volume of 18,234 shares, compared to its average volume of 20,635. Culp, Inc. has a 12 month low of $4.20 and a 12 month high of $6.85. The firm has a market cap of $64.99 million, a P/E ratio of -3.08 and a beta of 1.06. The company’s 50 day simple moving average is $5.30 and its 200-day simple moving average is $5.46.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Culp in a research report on Friday. They set a “hold” rating for the company.

Hedge Funds Weigh In On Culp

A number of large investors have recently made changes to their positions in CULP. Dimensional Fund Advisors LP grew its position in Culp by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 537,726 shares of the textile maker’s stock worth $3,156,000 after buying an additional 5,091 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Culp by 36.8% during the 4th quarter. Citadel Advisors LLC now owns 27,441 shares of the textile maker’s stock valued at $161,000 after acquiring an additional 7,386 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Culp by 49.5% during the fourth quarter. HighTower Advisors LLC now owns 36,046 shares of the textile maker’s stock worth $212,000 after purchasing an additional 11,929 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Culp by 14.1% in the third quarter. Geode Capital Management LLC now owns 103,825 shares of the textile maker’s stock worth $680,000 after purchasing an additional 12,830 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Culp by 35.2% in the fourth quarter. Northern Trust Corp now owns 56,182 shares of the textile maker’s stock worth $330,000 after purchasing an additional 14,634 shares during the last quarter. 75.05% of the stock is owned by institutional investors.

Culp Company Profile

Culp, Inc manufactures, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in the United States, North America, the Far East, Asia, and internationally. It operates in two segments, Mattress Fabrics and Upholstery Fabrics.