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Insider Buying: Culp, Inc. (NYSE:CULP) Major Shareholder Purchases 4,220 Shares of Stock

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Culp, Inc. (NYSE:CULP - Get Free Report) major shareholder Aron R. English bought 4,220 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of $5.17 per share, for a total transaction of $21,817.40. Following the completion of the acquisition, the insider now owns 1,734,323 shares of the company's stock, valued at $8,966,449.91. This trade represents a 0.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major 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 traded up $0.03 during mid-day trading on Friday, reaching $5.36. 23,396 shares of the stock were exchanged, compared to its average volume of 21,105. The company has a market capitalization of $67.25 million, a P/E ratio of -3.19 and a beta of 1.06. The business's 50 day moving average is $5.29 and its 200-day moving average is $5.47. Culp, Inc. has a 1 year low of $4.20 and a 1 year high of $6.85.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Culp in a research report on Friday, March 14th. They issued a "hold" rating on the stock.

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Read Our Latest Stock Analysis on Culp

Institutional Investors Weigh In On Culp

Hedge funds have recently modified their holdings of the company. Wealthedge Investment Advisors LLC purchased a new stake in Culp in the 4th quarter worth $137,000. Citadel Advisors LLC lifted its stake in Culp by 36.8% in the 4th quarter. Citadel Advisors LLC now owns 27,441 shares of the textile maker's stock valued at $161,000 after buying an additional 7,386 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Culp by 8.4% in the 4th quarter. Ameriprise Financial Inc. now owns 541,905 shares of the textile maker's stock worth $3,181,000 after buying an additional 42,216 shares during the last quarter. 22NW LP increased its stake in Culp by 1.9% during the 4th quarter. 22NW LP now owns 1,624,715 shares of the textile maker's stock worth $9,537,000 after buying an additional 30,325 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Culp by 35.2% during the fourth 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 last quarter. 75.05% of the stock is owned by hedge funds and other institutional investors.

About Culp

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Culp (NYSE:CULP)

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