Culp, Inc. (NYSE:CULP) CEO Purchases $69,164.94 in Stock

Culp, Inc. (NYSE:CULP) CEO Robert George Iv Culp bought 14,001 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $4.94 per share, with a total value of $69,164.94. Following the completion of the acquisition, the chief executive officer now owns 92,030 shares in the company, valued at $454,628.20. This represents a 17.94 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Culp Price Performance

NYSE CULP opened at $5.18 on Friday. The firm has a market cap of $64.99 million, a PE ratio of -3.08 and a beta of 1.06. Culp, Inc. has a one year low of $4.20 and a one year high of $6.85. The stock’s 50 day simple moving average is $5.31 and its 200 day simple moving average is $5.46.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Culp in a report on Friday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Culp

A number of large investors have recently bought and sold shares of the business. Wealthedge Investment Advisors LLC bought a new stake in Culp during the 4th quarter worth approximately $137,000. Citadel Advisors LLC grew its position in Culp by 36.8% during the 4th quarter. Citadel Advisors LLC now owns 27,441 shares of the textile maker’s stock worth $161,000 after acquiring an additional 7,386 shares during the last quarter. Ameriprise Financial Inc. grew its position in Culp by 8.4% during the 4th 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 last quarter. 22NW LP grew its position in Culp by 1.9% during the 4th 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 last quarter. Finally, Northern Trust Corp boosted its position in Culp by 35.2% in the 4th quarter. Northern Trust Corp now owns 56,182 shares of the textile maker’s stock valued at $330,000 after buying an additional 14,634 shares during the last quarter. 75.05% of the stock is currently owned by institutional investors.

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.