Culp (NYSE:CULP) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Culp (NYSE:CULPFree Report) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the textile maker’s stock.

Culp Stock Performance

Culp stock opened at $5.32 on Friday. Culp has a 52 week low of $4.25 and a 52 week high of $6.85. The stock has a market capitalization of $66.76 million, a P/E ratio of -3.16 and a beta of 1.16. The stock has a fifty day moving average of $5.45 and a 200-day moving average of $5.41.

Culp (NYSE:CULPGet Free Report) last issued its earnings results on Wednesday, December 4th. The textile maker reported ($0.29) EPS for the quarter. Culp had a negative return on equity of 22.50% and a negative net margin of 9.43%.

Insider Activity

In related news, insider Mary Elizabeth Hunsberger purchased 5,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $5.55 per share, with a total value of $27,750.00. Following the completion of the purchase, the insider now owns 15,000 shares in the company, valued at approximately $83,250. This represents a 50.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert George Iv Culp bought 8,508 shares of Culp stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average price of $5.42 per share, for a total transaction of $46,113.36. Following the completion of the acquisition, the chief executive officer now directly owns 78,029 shares of the company’s stock, valued at $422,917.18. The trade was a 12.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 31,495 shares of company stock valued at $167,062. 7.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Culp

A hedge fund recently raised its stake in Culp stock. Geode Capital Management LLC increased its stake in shares of Culp, Inc. (NYSE:CULPFree Report) by 14.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,825 shares of the textile maker’s stock after acquiring an additional 12,830 shares during the quarter. Geode Capital Management LLC owned approximately 0.83% of Culp worth $680,000 at the end of the most recent quarter. 75.05% of the stock is currently owned by institutional investors and hedge funds.

Culp Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Culp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Culp and related companies with MarketBeat.com's FREE daily email newsletter.