Aron R. English Buys 4,220 Shares of Culp, Inc. (NYSE:CULP) Stock

Culp, Inc. (NYSE:CULP) major shareholder Aron R. English bought 4,220 shares of Culp stock in a transaction on Monday, March 17th. The stock was purchased at an average price of $5.17 per share, with a total value of $21,817.40. Following the completion of the acquisition, the insider now directly owns 1,734,323 shares of the company’s stock, valued at $8,966,449.91. This represents a 0.24 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Culp Stock Up 7.7 %

Shares of NYSE CULP opened at $5.55 on Wednesday. The business’s 50 day moving average price is $5.30 and its 200 day moving average price is $5.47. The firm has a market cap of $69.64 million, a P/E ratio of -3.30 and a beta of 1.06. Culp, Inc. has a 52 week low of $4.20 and a 52 week high of $6.85.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Culp in a report on Friday, March 14th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Culp

Several hedge funds have recently bought and sold shares of the stock. 22NW LP boosted its position in 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 purchasing an additional 30,325 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Culp by 8.4% in the 4th quarter. Ameriprise Financial Inc. now owns 541,905 shares of the textile maker’s stock valued at $3,181,000 after purchasing an additional 42,216 shares during the last quarter. Dimensional Fund Advisors LP increased its stake 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. Geode Capital Management LLC increased its stake in shares of Culp by 14.1% in the 3rd quarter. Geode Capital Management LLC now owns 103,825 shares of the textile maker’s stock worth $680,000 after acquiring an additional 12,830 shares during the last quarter. Finally, Northern Trust Corp increased 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 worth $330,000 after acquiring an additional 14,634 shares during the last quarter. Hedge funds and other institutional investors own 75.05% of the company’s 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.