Culp (NYSE:CULP) Director Purchases 5,000 Shares

Culp, Inc. (NYSE:CULP) Director John Douglas Collier acquired 5,000 shares of Culp stock in a transaction on Monday, July 13th. The stock was purchased at an average price of $3.45 per share, with a total value of $17,250.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $17,250. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Culp Price Performance

Culp stock traded up $0.37 during mid-day trading on Tuesday, hitting $3.83. 58,536 shares of the company were exchanged, compared to its average volume of 33,068. The company has a market capitalization of $48.49 million, a PE ratio of -4.45 and a beta of 1.19. The business has a fifty day moving average of $3.19 and a 200 day moving average of $3.24. Culp, Inc. has a 1-year low of $2.70 and a 1-year high of $4.80. The company has a quick ratio of 0.79, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

Institutional Trading of Culp

Several large investors have recently added to or reduced their stakes in CULP. HighTower Advisors LLC increased its holdings in shares of Culp by 23.3% during the fourth quarter. HighTower Advisors LLC now owns 48,590 shares of the textile maker’s stock worth $173,000 after buying an additional 9,197 shares in the last quarter. Susquehanna International Group LLP grew its position in Culp by 16.5% during the 3rd quarter. Susquehanna International Group LLP now owns 40,652 shares of the textile maker’s stock worth $181,000 after acquiring an additional 5,762 shares during the last quarter. Grace & White Inc. NY grew its position in Culp by 24.7% during the 1st quarter. Grace & White Inc. NY now owns 150,763 shares of the textile maker’s stock worth $413,000 after acquiring an additional 29,845 shares during the last quarter. Geode Capital Management LLC increased its holdings in Culp by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 118,715 shares of the textile maker’s stock valued at $423,000 after purchasing an additional 3,606 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in Culp by 3.9% in the 3rd quarter. Moors & Cabot Inc. now owns 201,191 shares of the textile maker’s stock valued at $897,000 after purchasing an additional 7,620 shares during the last quarter. 75.05% of the stock is owned by institutional investors.

Culp Company Profile

Culp, Inc, headquartered in High Point, North Carolina, is a leading producer of specialty fabrics for the home furnishings industry. Founded in 1972 by Bill Culp, the company has grown into a publicly traded enterprise that supplies upholstery and mattress fabrics to manufacturers and retailers across North America and abroad. Culp’s fabric offerings are designed to meet the aesthetic and performance requirements of residential furniture, contract seating, and hospitality applications.

The company operates through two primary segments.