Key Points
- Culp director John Douglas Collier bought 5,000 shares on July 13 at $3.45 each, spending a total of $17,250. The filing shows he now owns 5,000 shares.
- Culp shares rose 9.5% and opened at $3.79 on Wednesday, moving above both its 50-day and 200-day averages. The stock remains small-cap, with a market value of about $48 million.
- Institutional ownership is high, with hedge funds and other investors holding about 75.05% of the stock. Several firms, including HighTower Advisors and Grace & White, increased their stakes recently.
Culp, Inc. (NYSE:CULP - Get Free Report) Director John Douglas Collier purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average price of $3.45 per share, with a total value of $17,250.00. Following the purchase, the director owned 5,000 shares in the company, valued at $17,250. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Culp Trading Up 9.5%
NYSE CULP opened at $3.79 on Wednesday. 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 firm has a market cap of $47.99 million, a PE ratio of -4.41 and a beta of 1.19. Culp, Inc. has a one year low of $2.70 and a one year high of $4.80. The firm's fifty day moving average is $3.20 and its two-hundred day moving average is $3.25.
Institutional Trading of Culp
Several institutional investors and hedge funds have recently added to or reduced their stakes in CULP. HighTower Advisors LLC lifted its position in Culp by 23.3% during the 4th quarter. HighTower Advisors LLC now owns 48,590 shares of the textile maker's stock worth $173,000 after acquiring an additional 9,197 shares during the period. Susquehanna International Group LLP raised its stake in shares of 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 purchasing an additional 5,762 shares during the last quarter. Grace & White Inc. NY raised its stake in shares of Culp by 24.7% during the first quarter. Grace & White Inc. NY now owns 150,763 shares of the textile maker's stock worth $413,000 after purchasing an additional 29,845 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Culp by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 118,715 shares of the textile maker's stock worth $423,000 after purchasing an additional 3,606 shares during the period. Finally, Moors & Cabot Inc. lifted 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 purchasing an additional 7,620 shares during the period. 75.05% of the stock is owned by hedge funds and other institutional investors.
About Culp
(
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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