Northern Trust Corp Grows Stock Holdings in Culp, Inc. (NYSE:CULP)

Northern Trust Corp grew its holdings in shares of Culp, Inc. (NYSE:CULP) by 35.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,182 shares of the textile maker’s stock after purchasing an additional 14,634 shares during the period. Northern Trust Corp owned approximately 0.45% of Culp worth $330,000 as of its most recent SEC filing.

Separately, HighTower Advisors LLC increased its position in shares of Culp by 49.5% during the fourth quarter. HighTower Advisors LLC now owns 36,046 shares of the textile maker’s stock valued at $212,000 after acquiring an additional 11,929 shares in the last quarter. Institutional investors and hedge funds own 75.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on shares of Culp in a research report on Saturday, May 17th. They set a “hold” rating for the company.

Culp Stock Down 0.2%

Shares of CULP opened at $4.25 on Monday. The company has a market capitalization of $53.38 million, a P/E ratio of -2.53 and a beta of 1.16. The firm has a 50 day moving average of $4.13 and a 200 day moving average of $4.92. Culp, Inc. has a twelve month low of $3.42 and a twelve month high of $6.85.

Insider Activity at Culp

In related news, major shareholder Aron R. English bought 13,849 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $4.65 per share, for a total transaction of $64,397.85. Following the purchase, the insider now owns 1,638,564 shares in the company, valued at approximately $7,619,322.60. This represents a 0.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert George Iv Culp bought 14,001 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of $4.94 per share, with a total value of $69,164.94. Following the completion of the purchase, the chief executive officer now owns 92,030 shares in the company, valued at approximately $454,628.20. The trade was a 17.94% increase in their position. The disclosure for this purchase can be found here. Insiders bought 67,403 shares of company stock valued at $345,152 over the last 90 days. Corporate insiders own 7.30% of the company’s 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.