Culp, Inc. (NYSE:CULP) Major Shareholder Aron R. English Purchases 4,220 Shares

Culp, Inc. (NYSE:CULP) major shareholder Aron R. English purchased 4,220 shares of the business’s stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $5.17 per share, for a total transaction of $21,817.40. Following the transaction, the insider now directly owns 1,734,323 shares of the company’s stock, valued at approximately $8,966,449.91. The trade was a 0.24 % increase in their position. The purchase 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 Trading Up 0.7 %

Shares of NYSE CULP opened at $5.18 on Tuesday. The firm’s 50-day moving average price is $5.30 and its 200-day moving average price is $5.46. Culp, Inc. has a 1-year low of $4.20 and a 1-year high of $6.85. The firm has a market capitalization of $64.99 million, a P/E ratio of -3.08 and a beta of 1.06.

Hedge Funds Weigh In On Culp

Several institutional investors have recently made changes to their positions in CULP. Geode Capital Management LLC raised its holdings in shares of Culp by 14.1% during the third quarter. Geode Capital Management LLC now owns 103,825 shares of the textile maker’s stock valued at $680,000 after purchasing an additional 12,830 shares during the period. HighTower Advisors LLC raised 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 valued at $212,000 after purchasing an additional 11,929 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Culp by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 537,726 shares of the textile maker’s stock worth $3,156,000 after acquiring an additional 5,091 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Culp by 35.2% in the 4th quarter. Northern Trust Corp now owns 56,182 shares of the textile maker’s stock worth $330,000 after acquiring an additional 14,634 shares during the last quarter. Finally, 22NW LP raised its holdings in shares of Culp by 1.9% in the 4th quarter. 22NW LP now owns 1,624,715 shares of the textile maker’s stock worth $9,537,000 after acquiring an additional 30,325 shares during the last quarter. Institutional investors and hedge funds own 75.05% of the company’s stock.

Wall Street Analyst Weigh In

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

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.