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

Culp, Inc. (NYSE:CULP) insider Mary Elizabeth Hunsberger purchased 5,000 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average price of $5.55 per share, with a total value of $27,750.00. Following the completion of the acquisition, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately $83,250. This represents a 50.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Culp Price Performance

Culp stock opened at $5.26 on Thursday. The business has a 50 day moving average of $5.37 and a 200-day moving average of $5.18. Culp, Inc. has a 1 year low of $4.25 and a 1 year high of $6.85. The company has a market capitalization of $66.06 million, a P/E ratio of -3.13 and a beta of 1.20.

Hedge Funds Weigh In On Culp

An institutional investor recently raised its position in Culp stock. Vanguard Group Inc. raised its position in shares of Culp, Inc. (NYSE:CULP) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 485,420 shares of the textile maker’s stock after acquiring an additional 19,640 shares during the quarter. Vanguard Group Inc. owned about 3.89% of Culp worth $2,330,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 75.05% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Culp in a report on Monday. They issued a “hold” rating for the company.

About Culp

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.