Grace & White Inc. NY Has $792,000 Position in Culp, Inc. (NYSE:CULP)

Grace & White Inc. NY trimmed its holdings in shares of Culp, Inc. (NYSE:CULP) by 17.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 120,918 shares of the textile maker’s stock after selling 25,244 shares during the period. Grace & White Inc. NY owned approximately 0.97% of Culp worth $792,000 as of its most recent filing with the SEC.

Separately, Vanguard Group Inc. boosted its position in shares of Culp by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 485,420 shares of the textile maker’s stock valued at $2,330,000 after acquiring an additional 19,640 shares during the last quarter. 75.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Culp in a research note on Monday. They issued a “hold” rating on the stock.

Culp Stock Performance

Culp stock opened at $5.72 on Tuesday. The stock has a fifty day moving average of $5.57 and a 200 day moving average of $4.95. The stock has a market cap of $71.33 million, a PE ratio of -5.15 and a beta of 1.19. Culp, Inc. 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) earnings per share (EPS) for the quarter. The business had revenue of $56.54 million for the quarter. Culp had a negative return on equity of 19.51% and a negative net margin of 7.88%.

Insider Transactions at Culp

In other Culp news, major shareholder Aron R. English purchased 105,242 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $6.31 per share, for a total transaction of $664,077.02. Following the purchase, the insider now directly owns 1,594,390 shares in the company, valued at approximately $10,060,600.90. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Aron R. English bought 102,484 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were acquired at an average price of $5.85 per share, for a total transaction of $599,531.40. Following the completion of the transaction, the insider now owns 1,456,827 shares of the company’s stock, valued at approximately $8,522,437.95. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Aron R. English purchased 105,242 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average cost of $6.31 per share, for a total transaction of $664,077.02. Following the acquisition, the insider now owns 1,594,390 shares of the company’s stock, valued at approximately $10,060,600.90. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 238,959 shares of company stock valued at $1,440,336 in the last quarter. 6.60% of the stock is currently owned by corporate insiders.

Culp Company Profile

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.