Culp, Inc. (NYSE:CULP) Major Shareholder Aron R. English Acquires 2,787 Shares of Stock

Culp, Inc. (NYSE:CULP) major shareholder Aron R. English purchased 2,787 shares of the company’s stock in a transaction on Monday, December 9th. The shares were bought at an average price of $4.96 per share, for a total transaction of $13,823.52. Following the completion of the transaction, the insider now directly owns 1,597,177 shares in the company, valued at $7,921,997.92. This represents a 0.17 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Culp Price Performance

CULP stock opened at $5.47 on Thursday. Culp, Inc. has a 52-week low of $4.25 and a 52-week high of $6.85. The company’s 50 day simple moving average is $5.42 and its 200-day simple moving average is $5.14. The firm has a market capitalization of $68.70 million, a P/E ratio of -3.26 and a beta of 1.20.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Culp stock. Geode Capital Management LLC boosted its stake in shares of Culp, Inc. (NYSE:CULP) by 14.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,825 shares of the textile maker’s stock after purchasing an additional 12,830 shares during the period. Geode Capital Management LLC owned about 0.83% of Culp worth $680,000 at the end of the most recent reporting period. 75.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Culp in a report on Sunday. They issued a “hold” rating on the stock.

Culp Company Profile

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.