Aron R. English Buys 13,849 Shares of Culp, Inc. (NYSE:CULP) Stock

Culp, Inc. (NYSE:CULP - Get Free Report) major shareholder Aron R. English acquired 13,849 shares of Culp stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $4.65 per share, for a total transaction of $64,397.85. Following the transaction, the insider now owns 1,638,564 shares of the company's stock, valued at $7,619,322.60. This represents a 0.85 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Culp Stock Performance

NYSE:CULP remained flat at $5.01 on Friday. The company's stock had a trading volume of 5,140 shares, compared to its average volume of 20,660. Culp, Inc. has a 12 month low of $4.20 and a 12 month high of $6.85. The firm has a market capitalization of $62.92 million, a price-to-earnings ratio of -2.98 and a beta of 1.06. The company has a 50-day moving average of $5.32 and a 200 day moving average of $5.45.

Institutional Investors Weigh In On Culp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CULP. Ameriprise Financial Inc. raised its position in Culp by 8.4% in the fourth 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 period. 22NW LP raised its position in Culp by 1.9% in the fourth quarter. 22NW LP now owns 1,624,715 shares of the textile maker's stock valued at $9,537,000 after purchasing an additional 30,325 shares during the period. Wealthedge Investment Advisors LLC acquired a new stake in shares of Culp in the fourth quarter valued at $137,000. Northern Trust Corp grew its stake 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 buying an additional 14,634 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 75.05% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Culp in a research report on Friday. They set a "hold" rating on the stock.

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.