Culp (NYSE:CULP) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Culp (NYSE:CULP) in a research report issued on Saturday. The firm set a “hold” rating on the textile maker’s stock.

Culp Price Performance

CULP stock opened at $5.96 on Friday. The stock has a market cap of $74.32 million, a price-to-earnings ratio of -5.37 and a beta of 1.19. The company has a fifty day moving average price of $5.33 and a two-hundred day moving average price of $4.85. Culp has a one year low of $4.25 and a one year high of $6.85.

Culp (NYSE:CULP) last issued its quarterly earnings results on Wednesday, September 4th. The textile maker reported ($0.37) EPS for the quarter. Culp had a negative return on equity of 19.51% and a negative net margin of 7.88%. The company had revenue of $56.54 million during the quarter.

Insider Buying and Selling

In other news, major shareholder Aron R. English bought 39,248 shares of the company’s stock in a transaction on Monday, July 8th. The shares were purchased at an average price of $4.75 per share, with a total value of $186,428.00. Following the transaction, the insider now directly owns 1,286,344 shares in the company, valued at $6,110,134. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Aron R. English acquired 22,125 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was purchased at an average price of $5.00 per share, with a total value of $110,625.00. Following the completion of the purchase, the insider now owns 1,308,469 shares in the company, valued at $6,542,345. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Aron R. English acquired 39,248 shares of the company’s stock in a transaction on Monday, July 8th. The stock was acquired at an average price of $4.75 per share, with a total value of $186,428.00. Following the acquisition, the insider now owns 1,286,344 shares in the company, valued at approximately $6,110,134. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 341,131 shares of company stock valued at $1,947,474 over the last ninety days. 6.60% of the stock is owned by corporate insiders.

Institutional Trading of Culp

An institutional investor recently bought a new position in Culp stock. Gate City Capital Management LLC purchased a new position in Culp, Inc. (NYSE:CULP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,038,000 shares of the textile maker’s stock, valued at approximately $6,010,000. Culp makes up 5.7% of Gate City Capital Management LLC’s portfolio, making the stock its 8th largest position. Gate City Capital Management LLC owned approximately 8.32% of Culp as of its most recent SEC filing. 75.05% of the stock is currently owned by institutional investors.

About Culp

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.