Grace & White Inc. NY trimmed its position in shares of Culp, Inc. (NYSE:CULP – Free Report) by 18.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,162 shares of the textile maker’s stock after selling 33,269 shares during the period. Grace & White Inc. NY owned about 1.17% of Culp worth $846,000 as of its most recent SEC filing.
Separately, Assenagon Asset Management S.A. bought a new position in Culp during the 3rd quarter worth approximately $68,000. 75.05% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Culp in a research report on Saturday. They set a “hold” rating on the stock.
Culp Stock Performance
CULP traded up $0.12 on Tuesday, hitting $4.55. 9,782 shares of the company were exchanged, compared to its average volume of 20,638. The stock has a market capitalization of $56.74 million, a PE ratio of -4.03 and a beta of 1.29. Culp, Inc. has a 12 month low of $4.20 and a 12 month high of $5.99. The firm has a fifty day simple moving average of $4.72 and a two-hundred day simple moving average of $5.15.
Culp (NYSE:CULP – Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The textile maker reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.10). The business had revenue of $60.42 million during the quarter, compared to the consensus estimate of $58.98 million. Culp had a negative return on equity of 15.58% and a negative net margin of 5.75%. On average, equities analysts expect that Culp, Inc. will post -1.09 earnings per share for the current year.
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.
Featured Articles
- Five stocks we like better than Culp
- The How and Why of Investing in Biotech Stocks
- Charles Schwab Fortifies its Uptrend on EPS Beat
- What Do S&P 500 Stocks Tell Investors About the Market?
- Lockheed Martin Stock Aims for a Fresh All-Time High
- What is a buyback in stocks? A comprehensive guide for investors
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Want to see what other hedge funds are holding CULP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Culp, Inc. (NYSE:CULP – Free Report).
Receive News & Ratings for Culp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Culp and related companies with MarketBeat.com's FREE daily email newsletter.