Aron R. English Buys 4,564 Shares of Culp, Inc. (NYSE:CULP) Stock

Culp, Inc. (NYSE:CULP) major shareholder Aron R. English purchased 4,564 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average cost of $5.23 per share, for a total transaction of $23,869.72. Following the completion of the transaction, the insider now directly owns 1,624,715 shares of the company’s stock, valued at $8,497,259.45. This represents a 0.28 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Culp Trading Up 2.8 %

Shares of CULP opened at $5.47 on Friday. The stock has a 50 day moving average of $5.35 and a 200 day moving average of $5.19. The company has a market capitalization of $68.70 million, a price-to-earnings ratio of -3.26 and a beta of 1.20. Culp, Inc. has a 12 month low of $4.25 and a 12 month high of $6.85.

Institutional Investors Weigh In On Culp

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% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,825 shares of the textile maker’s stock after buying an additional 12,830 shares during the quarter. Geode Capital Management LLC owned approximately 0.83% of Culp worth $680,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 75.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Culp in a research note on Monday, December 16th. They issued a “hold” rating for the company.

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.