Culp, Inc. (NYSE:CULP) Major Shareholder Aron R. English Acquires 20,000 Shares

Culp, Inc. (NYSE:CULP) major shareholder Aron R. English bought 20,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were acquired at an average price of $5.60 per share, for a total transaction of $112,000.00. Following the transaction, the insider now owns 1,859,061 shares in the company, valued at approximately $10,410,741.60. This represents a 1.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Culp Trading Down 4.6 %

Shares of CULP stock opened at $5.34 on Friday. The business’s 50-day moving average price is $5.29 and its 200-day moving average price is $5.47. Culp, Inc. has a 12 month low of $4.20 and a 12 month high of $6.85. The firm has a market capitalization of $67.12 million, a price-to-earnings ratio of -3.18 and a beta of 1.06.

Institutional Investors Weigh In On Culp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Culp by 1.0% in 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 increased its stake in Culp by 36.8% in the fourth 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 boosted its holdings in shares of Culp by 49.5% in the 4th 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 boosted 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 worth $680,000 after buying an additional 12,830 shares in the last quarter. Finally, Northern Trust Corp boosted its stake 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 purchasing an additional 14,634 shares in the last quarter. 75.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Culp in a report on Friday, March 14th. 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.