Robert George Iv Culp Buys 14,001 Shares of Culp, Inc. (NYSE:CULP) Stock

Culp, Inc. (NYSE:CULP) CEO Robert George Iv Culp acquired 14,001 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $4.94 per share, with a total value of $69,164.94. Following the completion of the acquisition, the chief executive officer now owns 92,030 shares of the company’s stock, valued at $454,628.20. This represents a 17.94 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Culp Trading Down 0.4 %

Shares of Culp stock traded down $0.02 during trading hours on Wednesday, reaching $5.02. 8,749 shares of the company’s stock were exchanged, compared to its average volume of 20,573. The company has a 50 day moving average of $5.35 and a two-hundred day moving average of $5.46. The stock has a market cap of $63.05 million, a P/E ratio of -2.99 and a beta of 1.06. Culp, Inc. has a fifty-two week low of $4.19 and a fifty-two week high of $6.85.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Culp in a report on Thursday, March 6th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CULP. Dimensional Fund Advisors LP boosted 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 valued at $3,156,000 after buying an additional 5,091 shares during the last quarter. Citadel Advisors LLC raised its position in Culp by 36.8% during the fourth quarter. Citadel Advisors LLC now owns 27,441 shares of the textile maker’s stock worth $161,000 after acquiring an additional 7,386 shares in the last quarter. HighTower Advisors LLC lifted its stake in Culp by 49.5% in the fourth quarter. HighTower Advisors LLC now owns 36,046 shares of the textile maker’s stock valued at $212,000 after acquiring an additional 11,929 shares during the last quarter. Geode Capital Management LLC lifted its stake in Culp by 14.1% in the third quarter. Geode Capital Management LLC now owns 103,825 shares of the textile maker’s stock valued at $680,000 after acquiring an additional 12,830 shares during the last quarter. Finally, Northern Trust Corp grew its position 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 valued at $330,000 after acquiring an additional 14,634 shares during the period. 75.05% of the stock is owned by institutional investors and hedge funds.

About Culp

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.