Sharon A. Decker Acquires 5,000 Shares of Culp, Inc. (NYSE:CULP) Stock

Culp, Inc. (NYSE:CULP) Director Sharon A. Decker acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average cost of $5.99 per share, with a total value of $29,950.00. Following the purchase, the director now directly owns 45,383 shares in the company, valued at approximately $271,844.17. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Culp Price Performance

NYSE:CULP opened at $5.97 on Friday. The stock has a market cap of $74.45 million, a PE ratio of -5.38 and a beta of 1.18. Culp, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $6.77. The stock’s 50-day moving average is $5.24 and its two-hundred day moving average is $4.79.

Culp (NYSE:CULP) last announced its quarterly earnings data on Wednesday, September 4th. The textile maker reported ($0.37) EPS for the quarter. Culp had a negative net margin of 7.88% and a negative return on equity of 19.51%. The company had revenue of $56.54 million for 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 stake in Culp, Inc. (NYSE:CULP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,038,000 shares of the textile maker’s stock, valued at approximately $6,010,000. Culp makes up approximately 5.7% of Gate City Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Gate City Capital Management LLC owned approximately 8.32% of Culp at the end of the most recent quarter. 75.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Culp in a research report on Friday. 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.