Culp, Inc. (NYSE:CULP) Director Kimberly Bullock Gatling Acquires 2,090 Shares

Culp, Inc. (NYSE:CULP) Director Kimberly Bullock Gatling acquired 2,090 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of $5.83 per share, with a total value of $12,184.70. Following the completion of the transaction, the director now owns 36,046 shares in the company, valued at $210,148.18. The trade was a 6.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Culp Trading Down 0.9 %

CULP stock opened at $5.82 on Friday. The firm has a 50 day simple moving average of $5.34 and a 200-day simple moving average of $5.27. The company has a market capitalization of $73.09 million, a P/E ratio of -3.46 and a beta of 1.20. Culp, Inc. has a twelve month low of $4.25 and a twelve month high of $6.85.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Culp in a report on Wednesday. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Culp stock. Geode Capital Management LLC increased its position in Culp, Inc. (NYSE:CULP) by 14.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,825 shares of the textile maker’s stock after purchasing an additional 12,830 shares during the period. Geode Capital Management LLC owned 0.83% of Culp worth $680,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 75.05% of the company’s 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.