Culp, Inc. (NYSE:CULP) Major Shareholder Aron R. English Buys 9,006 Shares

Culp, Inc. (NYSE:CULP) major shareholder Aron R. English acquired 9,006 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $5.08 per share, for a total transaction of $45,750.48. Following the acquisition, the insider now owns 1,730,103 shares in the company, valued at approximately $8,788,923.24. This trade represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Culp Trading Up 0.7 %

CULP traded up $0.04 during trading hours 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 fifty-two week low of $4.20 and a fifty-two week high of $6.85. The company has a 50-day simple moving average of $5.30 and a 200 day simple moving average of $5.46. The firm has a market capitalization of $64.99 million, a PE ratio of -3.08 and a beta of 1.06.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in Culp by 14.1% in the 3rd quarter. Geode Capital Management LLC now owns 103,825 shares of the textile maker’s stock valued at $680,000 after buying an additional 12,830 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Culp by 49.5% during the 4th quarter. HighTower Advisors LLC now owns 36,046 shares of the textile maker’s stock worth $212,000 after buying an additional 11,929 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $3,156,000 after acquiring an additional 5,091 shares in the last quarter. Northern Trust Corp boosted its holdings 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 valued at $330,000 after acquiring an additional 14,634 shares in the last quarter. Finally, 22NW LP increased its stake in shares of Culp by 1.9% during the fourth quarter. 22NW LP now owns 1,624,715 shares of the textile maker’s stock valued at $9,537,000 after acquiring an additional 30,325 shares during the period. 75.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Culp in a research note on Friday. They issued 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.