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

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

Culp Price Performance

Shares of Culp stock opened at $5.26 on Thursday. The business has a 50-day simple moving average of $5.37 and a 200 day simple moving average of $5.18. The firm has a market capitalization of $66.06 million, a price-to-earnings ratio of -3.13 and a beta of 1.20. 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 third quarter, according to 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 acquiring an additional 12,830 shares during the period. Geode Capital Management LLC owned about 0.83% of Culp worth $680,000 at the end of the most recent quarter. 75.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Culp in a report on Monday. They issued 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.