Culp, Inc. (NYSE:CULP) Director Purchases $12,184.70 in Stock

Culp, Inc. (NYSE:CULP) Director Kimberly Bullock Gatling bought 2,090 shares of Culp stock in a transaction on Monday, December 30th. The stock was acquired at an average price of $5.83 per share, for a total transaction of $12,184.70. Following the purchase, the director now owns 36,046 shares of the company’s stock, valued at approximately $210,148.18. This trade represents a 6.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Culp Stock Performance

Shares of NYSE CULP opened at $5.68 on Friday. Culp, Inc. has a 52-week low of $4.25 and a 52-week high of $6.85. The firm has a market capitalization of $71.34 million, a price-to-earnings ratio of -3.38 and a beta of 1.18. The stock has a 50 day moving average price of $5.34 and a 200 day moving average price of $5.28.

Institutional Investors Weigh In On Culp

A hedge fund recently raised its stake in Culp stock. Geode Capital Management LLC increased its holdings in Culp, Inc. (NYSE:CULP) by 14.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,825 shares of the textile maker’s stock after acquiring an additional 12,830 shares during the quarter. Geode Capital Management LLC owned approximately 0.83% of Culp worth $680,000 as of its most recent SEC filing. Institutional investors and hedge funds own 75.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.