Culp (NYSE:CULP) CEO Robert George Iv Culp Buys 4,383 Shares

Culp, Inc. (NYSE:CULP) CEO Robert George Iv Culp acquired 4,383 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average cost of $3.15 per share, for a total transaction of $13,806.45. Following the completion of the transaction, the chief executive officer directly owned 115,841 shares of the company’s stock, valued at $364,899.15. This represents a 3.93% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Robert George Iv Culp also recently made the following trade(s):

• On Tuesday, March 17th, Robert George Iv Culp bought 4,356 shares of Culp stock. The stock was bought at an average price of $3.18 per share, with a total value of $13,852.08.

Culp Stock Up 0.5%

Shares of Culp stock traded up $0.02 on Thursday, hitting $3.00. 5,399 shares of the company traded hands, compared to its average volume of 26,516. Culp, Inc. has a 12-month low of $2.76 and a 12-month high of $5.57. The company has a quick ratio of 0.79, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The company has a market cap of $37.94 million, a PE ratio of -3.48 and a beta of 1.03. The company has a 50-day moving average price of $3.43 and a 200 day moving average price of $3.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. acquired a new stake in shares of Culp in the 3rd quarter valued at $51,000. HighTower Advisors LLC boosted its holdings in Culp by 23.3% in the fourth quarter. HighTower Advisors LLC now owns 48,590 shares of the textile maker’s stock worth $173,000 after purchasing an additional 9,197 shares in the last quarter. Susquehanna International Group LLP increased its position in Culp by 16.5% during the third quarter. Susquehanna International Group LLP now owns 40,652 shares of the textile maker’s stock worth $181,000 after buying an additional 5,762 shares during the last quarter. Arbor Investment Advisors LLC bought a new position in Culp during the third quarter valued at about $187,000. Finally, Wealthedge Investment Advisors LLC raised its holdings in Culp by 27.6% during the second quarter. Wealthedge Investment Advisors LLC now owns 68,942 shares of the textile maker’s stock valued at $271,000 after buying an additional 14,897 shares in the last quarter. Institutional investors own 75.05% of the company’s stock.

Analyst Upgrades and Downgrades

CULP has been the topic of a number of recent research reports. Zacks Research upgraded Culp from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Culp in a report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Culp currently has an average rating of “Reduce”.

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.