Culp (CULP) News Today

StockNews.com assumed coverage on shares of Culp in a report on Thursday. They set a "hold" rating on the stock.

Culp, Inc. (NYSE:CULP - Get Free Report) Director Jonathan Lee Kelly acquired 5,200 shares of the company's stock in a transaction that occurred on Monday, July 22nd. The shares were acquired at an average cost of $5.36 per share, for a total transaction of $27,872.00. Following the acquisition, the director now directly owns 48,571 shares of the company's stock, valued at $260,340.56. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Culp, Inc. (NYSE:CULP - Get Free Report) major shareholder Aron R. English purchased 2,621 shares of the company's stock in a transaction that occurred on Thursday, July 18th. The stock was purchased at an average price of $5.17 per share, for a total transaction of $13,550.57. Following the purchase, the insider now owns 1,339,817 shares in the company, valued at $6,926,853.89. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

StockNews.com assumed coverage on Culp in a report on Wednesday. They issued a "hold" rating on the stock.

Culp, Inc. (NYSE:CULP - Get Free Report) major shareholder Aron R. English acquired 9,703 shares of the stock in a transaction on Tuesday, July 16th. The shares were bought at an average cost of $5.19 per share, for a total transaction of $50,358.57. Following the purchase, the insider now directly owns 1,331,447 shares of the company's stock, valued at approximately $6,910,209.93. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Culp, Inc. (NYSE:CULP - Get Free Report) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 26,600 shares, a drop of 17.4% from the June 15th total of 32,200 shares. Based on an average daily volume of 20,900 shares, the short-interest ratio is presently 1.3 days. Approximately 0.2% of the shares of the stock are sold short.

Culp, Inc. (NYSE:CULP - Get Free Report) major shareholder Aron R. English bought 22,125 shares of Culp stock in a transaction on Wednesday, July 10th. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $110,625.00. Following the acquisition, the insider now owns 1,308,469 shares in the company, valued at $6,542,345. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Culp (NYSE:CULP) Stock Price Passes Above Two Hundred Day Moving Average of $4.78

Culp (NYSE:CULP - Get Free Report) released its quarterly earnings data on Thursday. The textile maker reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.05. The company had revenue of $49.53 million during the quarter, compared to analysts' expectations of $49.76 million. Culp had a negative net margin of 6.13% and a negative return on equity of 16.06%. During the same period in the previous year, the company earned ($0.38) EPS.

Culp, Inc. (NYSE:CULP - Get Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 22,800 shares, an increase of 33.3% from the May 15th total of 17,100 shares. Based on an average trading volume of 18,900 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.2% of the shares of the stock are short sold.

Gate City Capital Management LLC purchased a new stake in shares of Culp, Inc. (NYSE:CULP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,038,000 shares of the te