Culp, Inc. (NYSE:CULP) Director Sharon A. Decker Purchases 5,000 Shares

Culp, Inc. (NYSE:CULP) Director Sharon A. Decker acquired 5,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were acquired at an average price of $5.99 per share, for a total transaction of $29,950.00. Following the completion of the acquisition, the director now directly owns 45,383 shares in the company, valued at $271,844.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Culp Stock Performance

CULP opened at $5.97 on Monday. The company has a market capitalization of $74.45 million, a P/E ratio of -5.38 and a beta of 1.18. The company has a 50-day moving average of $5.24 and a 200-day moving average of $4.79. Culp, Inc. has a 1-year low of $4.25 and a 1-year high of $6.77.

Culp (NYSE:CULP) last announced its quarterly earnings data on Wednesday, September 4th. The textile maker reported ($0.37) earnings per share for the quarter. Culp had a negative net margin of 7.88% and a negative return on equity of 19.51%. The firm had revenue of $56.54 million during the quarter.

Hedge Funds Weigh In On Culp

A hedge fund recently bought a new stake in Culp stock. Gate City Capital Management LLC bought a new position in shares of Culp, Inc. (NYSE:CULP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,038,000 shares of the textile maker’s stock, valued at approximately $6,010,000. Culp accounts for approximately 5.7% of Gate City Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Gate City Capital Management LLC owned 8.32% of Culp as of its most recent SEC filing. Institutional investors own 75.05% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Culp in a research report on Friday. 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.