Culp, Inc. (NYSE:CULP – Get Free Report) insider Thomas Bruno acquired 2,924 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $5.85 per share, for a total transaction of $17,105.40. Following the completion of the transaction, the insider now owns 47,557 shares in the company, valued at $278,208.45. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Thomas Bruno also recently made the following trade(s):
- On Thursday, September 7th, Thomas Bruno acquired 6,965 shares of Culp stock. The stock was purchased at an average price of $5.56 per share, for a total transaction of $38,725.40.
Culp Stock Performance
Shares of NYSE CULP opened at $5.80 on Friday. The firm has a market capitalization of $72.27 million, a P/E ratio of -2.45 and a beta of 1.28. Culp, Inc. has a one year low of $3.94 and a one year high of $5.89. The company’s fifty day moving average is $5.52 and its two-hundred day moving average is $5.24.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of Culp in a research report on Saturday, September 9th. They issued a “sell” rating on the stock.
Institutional Investors Weigh In On Culp
Several institutional investors have recently made changes to their positions in CULP. Keeley Teton Advisors LLC boosted its position in shares of Culp by 23.8% during the 1st quarter. Keeley Teton Advisors LLC now owns 379,111 shares of the textile maker’s stock worth $3,010,000 after purchasing an additional 72,775 shares in the last quarter. Ancora Advisors LLC raised its stake in shares of Culp by 23.4% during the 1st quarter. Ancora Advisors LLC now owns 279,074 shares of the textile maker’s stock worth $4,295,000 after buying an additional 52,982 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of Culp during the 4th quarter worth $184,000. BlackRock Inc. raised its stake in shares of Culp by 10.0% during the 1st quarter. BlackRock Inc. now owns 401,826 shares of the textile maker’s stock worth $3,190,000 after buying an additional 36,372 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Culp by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 683,423 shares of the textile maker’s stock worth $3,137,000 after buying an additional 18,064 shares during the last quarter. 53.69% of the stock is currently owned by hedge funds and other institutional investors.
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.
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