Mary Elizabeth Hunsberger Purchases 5,000 Shares of Culp, Inc. (NYSE:CULP) Stock

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

Culp Stock Performance

CULP stock opened at $5.32 on Friday. The firm has a market cap of $66.81 million, a price-to-earnings ratio of -3.17 and a beta of 1.20. The firm has a 50-day simple moving average of $5.36 and a two-hundred day simple moving average of $5.18. Culp, Inc. has a one year low of $4.25 and a one year 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 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. The firm 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 about 0.83% of Culp worth $680,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 75.05% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Culp in a research report on Monday. They set a “hold” rating for the company.

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.