Culp (NYSE:CULP) Director John Douglas Collier Acquires 5,000 Shares of Stock

Culp, Inc. (NYSE:CULP) Director John Douglas Collier purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was acquired at an average cost of $3.45 per share, with a total value of $17,250.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $17,250. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Culp Price Performance

NYSE:CULP traded up $0.37 during mid-day trading on Tuesday, reaching $3.83. 58,536 shares of the company were exchanged, compared to its average volume of 33,068. The company has a quick ratio of 0.79, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The stock has a market cap of $48.49 million, a PE ratio of -4.45 and a beta of 1.19. Culp, Inc. has a 12 month low of $2.70 and a 12 month high of $4.80. The company has a fifty day moving average of $3.19 and a 200 day moving average of $3.24.

Institutional Trading of Culp

Several hedge funds have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. acquired a new position in Culp in the third quarter valued at about $6,642,000. Ameriprise Financial Inc. grew its position in shares of Culp by 23.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 859,145 shares of the textile maker’s stock valued at $3,832,000 after purchasing an additional 164,257 shares during the period. Grace & White Inc. NY increased its stake in Culp by 24.7% during the 1st quarter. Grace & White Inc. NY now owns 150,763 shares of the textile maker’s stock worth $413,000 after purchasing an additional 29,845 shares in the last quarter. HighTower Advisors LLC raised its holdings in Culp by 23.3% during the 4th quarter. HighTower Advisors LLC now owns 48,590 shares of the textile maker’s stock worth $173,000 after buying an additional 9,197 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in Culp by 3.9% in the third quarter. Moors & Cabot Inc. now owns 201,191 shares of the textile maker’s stock valued at $897,000 after buying an additional 7,620 shares in the last quarter. Institutional investors and hedge funds own 75.05% of the company’s stock.

About Culp

Culp, Inc, headquartered in High Point, North Carolina, is a leading producer of specialty fabrics for the home furnishings industry. Founded in 1972 by Bill Culp, the company has grown into a publicly traded enterprise that supplies upholstery and mattress fabrics to manufacturers and retailers across North America and abroad. Culp’s fabric offerings are designed to meet the aesthetic and performance requirements of residential furniture, contract seating, and hospitality applications.

The company operates through two primary segments.