Culp, Inc. (NYSE:CULP) Major Shareholder Aron R. English Buys 39,248 Shares

Culp, Inc. (NYSE:CULPGet Free Report) major shareholder Aron R. English bought 39,248 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was acquired at an average cost of $4.75 per share, for a total transaction of $186,428.00. Following the completion of the purchase, the insider now directly owns 1,286,344 shares in the company, valued at $6,110,134. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Culp Trading Up 6.5 %

Shares of CULP opened at $5.18 on Thursday. Culp, Inc. has a twelve month low of $4.25 and a twelve month high of $5.99. The firm has a market capitalization of $64.53 million, a price-to-earnings ratio of -4.66 and a beta of 1.22. The firm’s fifty day simple moving average is $4.43 and its 200-day simple moving average is $4.77.

Culp (NYSE:CULPGet Free Report) last issued its quarterly earnings data on Friday, June 28th. The textile maker reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.05. Culp had a negative return on equity of 16.06% and a negative net margin of 6.13%. The company had revenue of $49.53 million during the quarter, compared to analysts’ expectations of $49.76 million. During the same quarter in the previous year, the business earned ($0.38) earnings per share. On average, analysts predict that Culp, Inc. will post -0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, initiated coverage on shares of Culp in a research note on Tuesday. They set a “hold” rating for the company.

View Our Latest Research Report on CULP

Institutional Investors Weigh In On Culp

Several institutional investors have recently modified their holdings of the company. Essex Investment Management Co. LLC acquired a new stake in shares of Culp in the fourth quarter worth approximately $256,000. Gate City Capital Management LLC acquired a new position in Culp during the 4th quarter worth approximately $6,010,000. Finally, Vanguard Group Inc. boosted its stake in shares of Culp by 4.2% in the first quarter. Vanguard Group Inc. now owns 485,420 shares of the textile maker’s stock valued at $2,330,000 after purchasing an additional 19,640 shares during the period. Hedge funds and other institutional investors own 75.05% of the company’s stock.

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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Insider Buying and Selling by Quarter for Culp (NYSE:CULP)

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