Culp, Inc. (NYSE:CULP - Get Free Report) Director Kimberly Bullock Gatling acquired 2,090 shares of the firm's stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of $5.83 per share, with a total value of $12,184.70. Following the acquisition, the director now owns 36,046 shares of the company's stock, valued at $210,148.18. This trade represents a 6.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Culp Trading Down 0.9 %
NYSE:CULP opened at $5.82 on Friday. The stock has a 50 day moving average of $5.34 and a 200-day moving average of $5.27. The firm has a market capitalization of $73.09 million, a PE ratio of -3.46 and a beta of 1.20. Culp, Inc. has a 52 week low of $4.25 and a 52 week high of $6.85.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Culp in a report on Wednesday. They issued a "hold" rating for the company.
Check Out Our Latest Stock Report on CULP
Institutional Inflows and Outflows
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An institutional investor recently raised its position in Culp stock. Geode Capital Management LLC grew its position in shares of Culp, Inc. (NYSE:CULP - Free Report) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the 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 about 0.83% of Culp worth $680,000 as of its most recent filing with the SEC. 75.05% of the stock is owned by hedge funds and other institutional investors.
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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