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

Culp, Inc. (NYSE:CULP) Director Kimberly Bullock Gatling acquired 2,090 shares of Culp stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of $5.83 per share, with a total value of $12,184.70. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Culp Stock Performance

Shares of CULP stock opened at $5.68 on Friday. Culp, Inc. has a 52-week low of $4.25 and a 52-week high of $6.85. The company has a market capitalization of $71.34 million, a PE ratio of -3.38 and a beta of 1.18. The business’s fifty day moving average is $5.34 and its 200 day moving average is $5.28.

Institutional Investors Weigh In On Culp

A hedge fund recently raised its stake in Culp stock. Geode Capital Management LLC increased its holdings in Culp, Inc. (NYSE:CULP) by 14.1% during 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 buying an additional 12,830 shares during the period. Geode Capital Management LLC owned 0.83% of Culp worth $680,000 as of its most recent SEC filing. 75.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated 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.