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 Friday. The firm set a "hold" rating on the textile maker's stock.
Culp Price Performance
Shares of NYSE:CULP traded up $0.07 on Friday, hitting $5.16. The company's stock had a trading volume of 11,698 shares, compared to its average volume of 20,216. The company has a 50-day simple moving average of $5.69 and a 200 day simple moving average of $5.06. Culp has a 1 year low of $4.25 and a 1 year high of $6.85. The company has a market capitalization of $64.45 million, a PE ratio of -3.58 and a beta of 1.22.
Culp (NYSE:CULP - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The textile maker reported ($0.37) earnings per share for the quarter. Culp had a negative net margin of 7.88% and a negative return on equity of 19.51%. The business had revenue of $56.54 million during the quarter.
Insider Buying and Selling at Culp
In related news, major shareholder Aron R. English acquired 7,652 shares of the stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $5.39 per share, for a total transaction of $41,244.28. Following the completion of the purchase, the insider now owns 1,347,366 shares of the company's stock, valued at $7,262,302.74. This represents a 0.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sharon A. Decker purchased 5,000 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was acquired at an average price of $5.99 per share, with a total value of $29,950.00. Following the purchase, the director now directly owns 45,383 shares of the company's stock, valued at approximately $271,844.17. The trade was a 12.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 238,959 shares of company stock valued at $1,440,336 in the last 90 days. Corporate insiders own 7.30% of the company's stock.
Institutional Trading of Culp
A hedge fund recently raised its stake in Culp stock. Vanguard Group Inc. boosted its position in shares of Culp, Inc. (NYSE:CULP - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 485,420 shares of the textile maker's stock after buying an additional 19,640 shares during the period. Vanguard Group Inc. owned approximately 3.89% of Culp worth $2,330,000 as of its most recent SEC filing. 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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