Culp Inc (CFI) Files Form 4 Insider Buying : Fred A Jackson Buys 2,000 Shares

Culp Inc (CFI): Fred A Jackson , director of Culp Inc purchased 2,000 shares on Jun 20, 2016. The Insider buying transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were purchased at $28.40 per share for a total value of $56,800.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on 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.Also, On Jul 16, 2015, Kenneth W Mcallister (director) sold 5,000 shares at $32.74 per share price.On Jun 29, 2015, Robert G Iii Culp (director officer 10% owner (Chairman of the Board) sold 100,000 shares at $29.81 per share price.

Culp: On Monday, Jun 20, 2016 heightened volatility was witnessed in Culp which led to swings in the share price. The shares opened for trading at $28.4 and hit $29.23 on the upside , eventually ending the session at $28.55, with a gain of 1.93% or 0.54 points. The heightened volatility saw the trading volume jump to 95,922 shares. The 52-week high of the share price is $35.23 and the company has a market cap of $350 M . The 52-week low of the share price is at $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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