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

Culp, Inc. (NYSE:CULP) insider Mary Elizabeth Hunsberger bought 5,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $5.55 per share, for a total transaction of $27,750.00. Following the purchase, the insider now owns 15,000 shares in the company, valued at $83,250. This trade represents a 50.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Culp Stock Up 2.8 %

NYSE:CULP opened at $5.47 on Friday. The business’s 50-day simple moving average is $5.35 and its two-hundred day simple moving average is $5.18. Culp, Inc. has a 52 week low of $4.25 and a 52 week high of $6.85. The stock has a market cap of $68.70 million, a PE ratio of -3.26 and a beta of 1.20.

Institutional Trading of Culp

An institutional investor recently raised its position in Culp stock. Vanguard Group Inc. grew its stake in shares of Culp, Inc. (NYSE:CULP) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 485,420 shares of the textile maker’s stock after buying an additional 19,640 shares during the period. Vanguard Group Inc. owned 3.89% of Culp worth $2,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 75.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Culp in a research note on Monday, December 16th. 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.