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

Culp, Inc. (NYSE:CULP) major shareholder Aron R. English acquired 20,000 shares of Culp stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of $5.60 per share, for a total transaction of $112,000.00. Following the purchase, the insider now directly owns 1,859,061 shares in the company, valued at $10,410,741.60. The trade was a 1.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Culp Price Performance

CULP stock opened at $5.34 on Friday. The business has a 50-day moving average of $5.29 and a 200-day moving average of $5.47. Culp, Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $6.85. The stock has a market capitalization of $67.12 million, a P/E ratio of -3.18 and a beta of 1.06.

Institutional Trading of Culp

Institutional investors have recently made changes to their positions in the business. 22NW LP raised its holdings in Culp by 1.9% during the fourth quarter. 22NW LP now owns 1,624,715 shares of the textile maker’s stock worth $9,537,000 after acquiring an additional 30,325 shares in the last quarter. Ameriprise Financial Inc. lifted 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 position in Culp by 1.0% during 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 12,830 shares during the last quarter. Finally, Northern Trust Corp raised its stake in 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. Institutional investors own 75.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Culp in a report on Friday, March 14th. They issued a “hold” rating for the company.

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.