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

Culp, Inc. (NYSE:CULP) Director Kimberly Bullock Gatling bought 2,090 shares of the company’s stock in a transaction on Monday, December 30th. The shares were bought at an average cost of $5.83 per share, for a total transaction of $12,184.70. Following the transaction, the director now directly owns 36,046 shares in the company, valued at approximately $210,148.18. This represents a 6.16 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Culp Stock Down 2.4 %

Shares of Culp stock opened at $5.68 on Friday. The company has a market cap of $71.34 million, a P/E ratio of -3.38 and a beta of 1.18. The firm’s 50 day moving average price is $5.34 and its 200-day moving average price is $5.28. Culp, Inc. has a 52-week low of $4.25 and a 52-week high of $6.85.

Hedge Funds Weigh In On Culp

An institutional investor recently raised its position in Culp stock. Geode Capital Management LLC increased its holdings in shares of Culp, Inc. (NYSE:CULP) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,825 shares of the textile maker’s stock after buying an additional 12,830 shares during the quarter. Geode Capital Management LLC owned 0.83% of Culp worth $680,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 75.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Culp in a research report on Wednesday. They set 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.