Equities researchers at StockNews.com assumed coverage on shares of Culp (NYSE:CULP - Get Free Report) in a research report issued to clients and investors on Monday. The firm set a "hold" rating on the textile maker's stock.
Culp Trading Up 2.7 %
NYSE CULP traded up $0.14 on Monday, hitting $5.41. 16,808 shares of the company were exchanged, compared to its average volume of 18,904. The company has a market cap of $67.95 million, a PE ratio of -3.22 and a beta of 1.16. Culp has a 12 month low of $4.25 and a 12 month high of $6.85. The stock has a fifty day moving average of $5.47 and a 200-day moving average of $5.41.
Culp (NYSE:CULP - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported ($0.29) earnings per share for the quarter. Culp had a negative return on equity of 22.50% and a negative net margin of 9.43%.
Insiders Place Their Bets
In other news, insider Mary Elizabeth Hunsberger bought 5,000 shares of the stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $5.55 per share, for a total transaction of $27,750.00. Following the completion of the acquisition, the insider now directly owns 15,000 shares in the company, valued at approximately $83,250. This trade represents a 50.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert George Iv Culp bought 8,508 shares of the stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average price of $5.42 per share, with a total value of $46,113.36. Following the acquisition, the chief executive officer now owns 78,029 shares of the company's stock, valued at $422,917.18. The trade was a 12.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 31,495 shares of company stock worth $167,062. Insiders own 7.30% of the company's stock.
Institutional Trading of Culp
An institutional investor recently raised its position in Culp stock. HighTower Advisors LLC increased its position in Culp, Inc. (NYSE:CULP - Free Report) by 49.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,046 shares of the textile maker's stock after acquiring an additional 11,929 shares during the quarter. HighTower Advisors LLC owned about 0.29% of Culp worth $212,000 at the end of the most recent quarter. 75.05% of the stock is owned by institutional investors and hedge funds.
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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