Culp, Inc. (NYSE:CULP – Get Free Report) Director John Douglas Collier acquired 5,000 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average cost of $3.45 per share, with a total value of $17,250.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $17,250. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Culp Stock Performance
Shares of CULP stock opened at $3.82 on Thursday. The company has a market cap of $48.37 million, a P/E ratio of -4.44 and a beta of 1.19. The business has a 50 day moving average of $3.20 and a two-hundred day moving average of $3.25. Culp, Inc. has a 52 week low of $2.70 and a 52 week 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 Inflows and Outflows
Several large investors have recently added to or reduced their stakes in CULP. Ameriprise Financial Inc. boosted its stake in shares of Culp by 10.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 694,888 shares of the textile maker’s stock valued at $2,731,000 after buying an additional 62,932 shares during the period. Vanguard Group Inc. increased its stake in shares of Culp by 1.0% in the third quarter. Vanguard Group Inc. now owns 507,062 shares of the textile maker’s stock worth $2,261,000 after acquiring an additional 5,019 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of Culp by 3.9% during the third quarter. Moors & Cabot Inc. now owns 201,191 shares of the textile maker’s stock worth $897,000 after acquiring an additional 7,620 shares in the last quarter. Susquehanna International Group LLP boosted 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 valued at $181,000 after purchasing an additional 5,762 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Culp in the third quarter valued at about $6,642,000. Institutional investors and hedge funds own 75.05% of the company’s stock.
Analysts Set New Price Targets
About Culp
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.
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