Key Points
- Insider purchases: CEO Robert George Iv Culp bought a total of 8,739 shares over March 16–17 (4,383 at $3.15 and 4,356 at $3.18), totaling about $27,658 and raising his ownership to 115,841 shares (a ~3.93% increase), per an SEC filing.
- Stock snapshot: Culp shares trade around $3.00 with a market cap of roughly $37.9M, a 52-week range of $2.76–$5.57, a negative P/E (-3.48), and 50-/200-day SMAs of $3.43 and $3.82 respectively.
- Ownership and sentiment: Institutional investors hold about 75.05% of the company, while analyst coverage is limited and negative overall (average "Reduce" rating, one Hold and one Sell; Zacks moved to Hold, Weiss rates Sell D-).
Culp, Inc. (NYSE:CULP - Get Free Report) CEO Robert George Iv Culp bought 4,383 shares of the company's stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average price of $3.15 per share, for a total transaction of $13,806.45. Following the acquisition, the chief executive officer directly owned 115,841 shares in the company, valued at approximately $364,899.15. This trade represents a 3.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Robert George Iv Culp also recently made the following trade(s):
- On Tuesday, March 17th, Robert George Iv Culp purchased 4,356 shares of Culp stock. The shares were purchased at an average price of $3.18 per share, with a total value of $13,852.08.
Culp Stock Performance
Shares of NYSE:CULP traded up $0.02 during midday trading on Thursday, hitting $3.00. The company's stock had a trading volume of 5,399 shares, compared to its average volume of 26,516. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.76. The stock's 50 day simple moving average is $3.43 and its 200 day simple moving average is $3.82. The stock has a market capitalization of $37.94 million, a price-to-earnings ratio of -3.48 and a beta of 1.03. Culp, Inc. has a fifty-two week low of $2.76 and a fifty-two week high of $5.57.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. bought a new stake in shares of Culp in the third quarter valued at about $6,642,000. Ameriprise Financial Inc. increased its stake in Culp by 23.6% during the third quarter. Ameriprise Financial Inc. now owns 859,145 shares of the textile maker's stock valued at $3,832,000 after acquiring an additional 164,257 shares during the period. Vanguard Group Inc. increased its stake in Culp by 1.0% during the third quarter. Vanguard Group Inc. now owns 507,062 shares of the textile maker's stock valued at $2,261,000 after acquiring an additional 5,019 shares during the period. Moors & Cabot Inc. raised its holdings 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 acquiring an additional 7,620 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Culp by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 118,715 shares of the textile maker's stock valued at $423,000 after acquiring an additional 3,606 shares in the last quarter. Institutional investors and hedge funds own 75.05% of the company's stock.
Wall Street Analyst Weigh In
CULP has been the topic of a number of research analyst reports. Zacks Research raised Culp from a "strong sell" rating to a "hold" rating in a report on Monday, February 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Culp in a report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce".
Get Our Latest Report on CULP
Culp Company Profile
(
Get Free Report)
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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