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

Culp, Inc. (NYSE:CULP) Director Kimberly Bullock Gatling purchased 2,090 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of $5.83 per share, for a total transaction of $12,184.70. Following the purchase, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Culp Price Performance

NYSE:CULP traded down $0.02 during trading hours on Thursday, hitting $5.85. The company’s stock had a trading volume of 3,361 shares, compared to its average volume of 20,606. Culp, Inc. has a twelve month low of $4.25 and a twelve month high of $6.85. The stock has a fifty day simple moving average of $5.34 and a 200-day simple moving average of $5.27. The company has a market capitalization of $73.47 million, a P/E ratio of -3.48 and a beta of 1.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Culp stock. Geode Capital Management LLC grew its stake in Culp, Inc. (NYSE:CULP) by 14.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 own 75.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Culp

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.