Culp, Inc. (NYSE:CULP - Get Free Report) CEO Robert George Iv Culp bought 14,001 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $4.94 per share, for a total transaction of $69,164.94. Following the completion of the transaction, the chief executive officer now directly owns 92,030 shares of the company's stock, valued at $454,628.20. This represents a 17.94 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Culp Stock Performance
Shares of Culp stock traded up $0.17 during trading hours on Friday, hitting $5.18. The company's stock had a trading volume of 17,943 shares, compared to its average volume of 20,644. The company has a market cap of $64.99 million, a PE ratio of -3.08 and a beta of 1.06. The business has a 50 day moving average price of $5.31 and a two-hundred day moving average price of $5.46. Culp, Inc. has a 12-month low of $4.20 and a 12-month high of $6.85.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Culp in a research report on Friday. They set a "hold" rating on the stock.
Check Out Our Latest Analysis on CULP
Hedge Funds Weigh In On Culp
A number of hedge funds have recently made changes to their positions in the business. 22NW LP boosted its stake in shares of Culp by 1.9% in 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 during the period. Ameriprise Financial Inc. boosted its stake in shares of Culp by 8.4% in the fourth quarter. Ameriprise Financial Inc. now owns 541,905 shares of the textile maker's stock worth $3,181,000 after acquiring an additional 42,216 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Culp by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 537,726 shares of the textile maker's stock worth $3,156,000 after acquiring an additional 5,091 shares during the period. Geode Capital Management LLC boosted 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 worth $680,000 after acquiring an additional 12,830 shares during the period. Finally, Northern Trust Corp boosted 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 worth $330,000 after acquiring an additional 14,634 shares during the period. Institutional investors own 75.05% of the company's stock.
About Culp
(
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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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