Culp (NYSE:CULP) Now Covered by StockNews.com

StockNews.com began coverage on shares of Culp (NYSE:CULPFree Report) in a report issued on Sunday morning. The firm issued a hold rating on the textile maker’s stock.

Culp Stock Up 1.6 %

NYSE CULP opened at $5.32 on Friday. Culp has a 52 week low of $4.25 and a 52 week high of $6.85. The business has a 50 day moving average price of $5.45 and a 200-day moving average price of $5.41. The company has a market cap of $66.76 million, a price-to-earnings ratio of -3.16 and a beta of 1.16.

Culp (NYSE:CULPGet Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The textile maker reported ($0.29) EPS for the quarter. Culp had a negative net margin of 9.43% and a negative return on equity of 22.50%.

Insider Buying and Selling

In related news, insider Mary Elizabeth Hunsberger purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $5.55 per share, for a total transaction of $27,750.00. Following the completion of the acquisition, the insider now owns 15,000 shares of the company’s stock, valued at $83,250. This represents a 50.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert George Iv Culp acquired 8,508 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of $5.42 per share, for a total transaction of $46,113.36. Following the completion of the purchase, the chief executive officer now owns 78,029 shares in the company, valued at approximately $422,917.18. This represents a 12.24 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 31,495 shares of company stock worth $167,062 in the last quarter. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Culp stock. Geode Capital Management LLC grew its holdings in shares of Culp, Inc. (NYSE:CULPFree Report) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,825 shares of the textile maker’s stock after purchasing an additional 12,830 shares during the quarter. Geode Capital Management LLC owned approximately 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

(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.

Featured Articles

Receive News & Ratings for Culp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Culp and related companies with MarketBeat.com's FREE daily email newsletter.