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

Culp, Inc. (NYSE:CULP) major shareholder Aron R. English purchased 4,564 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of $5.23 per share, with a total value of $23,869.72. Following the purchase, the insider now directly owns 1,624,715 shares of the company’s stock, valued at $8,497,259.45. The trade was a 0.28 % 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 this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Culp Stock Performance

NYSE CULP traded up $0.15 during trading on Friday, reaching $5.47. 26,914 shares of the company’s stock were exchanged, compared to its average volume of 20,474. The stock has a market cap of $68.70 million, a P/E ratio of -3.26 and a beta of 1.20. The company has a 50 day moving average price of $5.35 and a two-hundred day moving average price of $5.18. Culp, Inc. has a 1 year low of $4.25 and a 1 year high of $6.85.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Culp

An institutional investor recently raised its position in Culp stock. Geode Capital Management LLC boosted its holdings in Culp, Inc. (NYSE:CULP) by 14.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,825 shares of the textile maker’s stock after purchasing an additional 12,830 shares during the quarter. Geode Capital Management LLC owned about 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.

About Culp

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.