Renaissance Technologies LLC Has $3.08 Million Position in Culp, Inc. (NYSE:CULP)

Renaissance Technologies LLC trimmed its position in Culp, Inc. (NYSE:CULP) by 2.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 686,317 shares of the textile maker’s stock after selling 15,099 shares during the period. Renaissance Technologies LLC owned approximately 0.06% of Culp worth $3,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Culp

In other news, major shareholder Aron R. English bought 105,242 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was purchased at an average cost of $6.31 per share, for a total transaction of $664,077.02. Following the completion of the transaction, the insider now owns 1,594,390 shares of the company’s stock, valued at $10,060,600.90. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder Aron R. English acquired 105,242 shares of the stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $6.31 per share, for a total transaction of $664,077.02. Following the completion of the transaction, the insider now directly owns 1,594,390 shares of the company’s stock, valued at $10,060,600.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Aron R. English bought 39,248 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were acquired at an average cost of $4.75 per share, with a total value of $186,428.00. Following the purchase, the insider now directly owns 1,286,344 shares of the company’s stock, valued at $6,110,134. The disclosure for this purchase can be found here. Over the last three months, insiders bought 341,131 shares of company stock worth $1,947,474. 6.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Culp in a report on Friday. They set a “hold” rating on the stock.

Culp Stock Up 8.0 %

Shares of CULP stock opened at $6.45 on Tuesday. Culp, Inc. has a twelve month low of $4.25 and a twelve month high of $6.77. The company has a market cap of $80.43 million, a P/E ratio of -5.90 and a beta of 1.18. The business has a fifty day simple moving average of $5.24 and a 200 day simple moving average of $4.79.

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

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.