Culp, Inc. (NYSE:CULP) Insider Purchases $27,750.00 in Stock

Culp, Inc. (NYSE:CULP) insider Mary Elizabeth Hunsberger acquired 5,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $5.55 per share, with a total value of $27,750.00. Following the completion of the transaction, the insider now directly owns 15,000 shares of the company’s stock, valued at $83,250. This trade represents a 50.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Culp Stock Down 4.5 %

Shares of CULP stock traded down $0.25 on Wednesday, reaching $5.25. The company’s stock had a trading volume of 26,402 shares, compared to its average volume of 20,331. The company has a market capitalization of $65.93 million, a P/E ratio of -3.13 and a beta of 1.20. Culp, Inc. has a 12-month low of $4.25 and a 12-month high of $6.85. The stock’s 50 day simple moving average is $5.38 and its 200-day simple moving average is $5.18.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Culp in a research note on Monday. They issued a “hold” rating on the stock.

Institutional Trading of Culp

An institutional investor recently raised its position in Culp stock. Vanguard Group Inc. lifted its holdings in shares of Culp, Inc. (NYSE:CULP) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 485,420 shares of the textile maker’s stock after purchasing an additional 19,640 shares during the quarter. Vanguard Group Inc. owned 3.89% of Culp worth $2,330,000 at the end of the most recent quarter. 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.