Culp (NYSE:CULP) Director John Douglas Collier Acquires 5,000 Shares of Stock

Culp, Inc. (NYSE:CULP) Director John Douglas Collier acquired 5,000 shares of Culp stock in a transaction dated Monday, July 13th. The shares were bought at an average price of $3.45 per share, with a total value of $17,250.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $17,250. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Culp Trading Up 9.5%

Shares of Culp stock opened at $3.79 on Wednesday. The company has a fifty day simple moving average of $3.20 and a 200-day simple moving average of $3.25. Culp, Inc. has a 12-month low of $2.70 and a 12-month high of $4.80. The company has a current ratio of 1.76, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a market cap of $47.99 million, a price-to-earnings ratio of -4.41 and a beta of 1.19.

Institutional Trading of Culp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in shares of Culp by 10.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 694,888 shares of the textile maker’s stock valued at $2,731,000 after purchasing an additional 62,932 shares during the last quarter. Vanguard Group Inc. increased its position in Culp by 1.0% during the third quarter. Vanguard Group Inc. now owns 507,062 shares of the textile maker’s stock worth $2,261,000 after buying an additional 5,019 shares during the period. Moors & Cabot Inc. increased its position in 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 buying an additional 7,620 shares during the period. Susquehanna International Group LLP lifted its stake in Culp by 16.5% in the third quarter. Susquehanna International Group LLP now owns 40,652 shares of the textile maker’s stock valued at $181,000 after buying an additional 5,762 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Culp in the third quarter valued at approximately $6,642,000. Institutional investors and hedge funds own 75.05% of the company’s stock.

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.