Culp Inc (CFI) Files Form 4 Insider Selling : Patrick B Flavin Sells 1,000 Shares

Culp Inc (CFI): Patrick B Flavin , director of Culp Inc sold 1,000 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $29.00 per share for a total value of $29,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 27, 2016, Kenneth R Larson (director) sold 1,000 shares at $29.50 per share price.On Jun 22, 2016, Fred A Jackson (director) purchased 2,000 shares at $28.40 per share price.Also, On Apr 19, 2016, Patrick B Flavin (director) sold 2,000 shares at $27.55 per share price.On Apr 19, 2016, Boyd Brooks Chumbley (Executive VP Upholstery Fabric) sold 1,000 shares at $27.04 per share price.

Shares of Culp (CFI) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.28 points or -4.34% at $28.24 with 87,224 shares getting traded. Post opening the session at $28.21, the shares hit an intraday low of $27.89 and an intraday high of $28.9245 and the price vacillated in this range throughout the day. The company has a market cap of $346 M and the number of outstanding shares has been calculated to be 1,22,50,489 shares. The 52-week high of Culp is $35.23 and the 52-week low is $22.61.

Culp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Culp is Initiated by Topeka Capital Markets to Hold and the brokerage firm has set the Price Target at $26. The Rating was issued on May 24, 2016.

Culp Inc. is a producer of mattress fabrics in North America. The Company is engaged in the manufacture sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs and upholstery fabrics including cut and sewn kits. It operates through two segments: mattress fabrics (Culp Home Fashions) and upholstery fabrics. Its mattress fabrics segment offers woven jacquard fabrics knitted fabrics and some converted fabrics. Its Upholstery fabrics segment offers jacquard woven fabrics velvets microdenier suedes woven dobbies knitted fabrics piece-dyed woven products and polyurethane leather look fabrics. As of May 3 2015 the Company had 13 manufacturing plants and distribution facilities located in North and South Carolina; Quebec Canada and Shanghai China. It markets a range of fabrics produced at its manufacturing facilities as well as fabrics produced by other suppliers to the customers across the globe.

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