Culp, Inc. (NYSE:CULP) Short Interest Update

Culp, Inc. (NYSE:CULPGet Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 21,200 shares, a decline of 5.8% from the September 30th total of 22,500 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 20,700 shares, the short-interest ratio is currently 1.0 days.

Insider Buying and Selling

In other news, CEO Robert George Iv Culp acquired 16,128 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average cost of $5.71 per share, for a total transaction of $92,090.88. Following the acquisition, the chief executive officer now directly owns 69,521 shares in the company, valued at approximately $396,964.91. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Robert George Iv Culp bought 16,128 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $5.71 per share, for a total transaction of $92,090.88. Following the purchase, the chief executive officer now owns 69,521 shares in the company, valued at approximately $396,964.91. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Aron R. English bought 102,484 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average price of $5.85 per share, with a total value of $599,531.40. Following the completion of the purchase, the insider now owns 1,456,827 shares in the company, valued at approximately $8,522,437.95. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 238,959 shares of company stock worth $1,440,336 in the last three months. Insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Culp

A hedge fund recently raised its stake in Culp stock. Vanguard Group Inc. increased its position in Culp, Inc. (NYSE:CULPFree Report) by 4.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 485,420 shares of the textile maker’s stock after buying an additional 19,640 shares during the period. Vanguard Group Inc. owned about 3.89% of Culp worth $2,330,000 at the end of the most recent quarter. Institutional investors own 75.05% of the company’s stock.

Culp Price Performance

Shares of NYSE:CULP traded down $0.27 during midday trading on Thursday, hitting $5.15. The company had a trading volume of 3,367 shares, compared to its average volume of 20,620. The company has a market cap of $64.22 million, a price-to-earnings ratio of -4.86 and a beta of 1.19. Culp has a 12-month low of $4.25 and a 12-month high of $6.85. The company has a fifty day moving average of $5.68 and a two-hundred day moving average of $5.00.

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

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Culp in a research note on Tuesday. They issued a “hold” rating for the company.

View Our Latest Research Report on CULP

About Culp

(Get Free Report)

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.

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