Chairman of the Board, 10% Owner of Culp Inc. (NYSE:CFI) Robert G Iii Culp buys 4,177 shares of CFI on 09/22/2009 at an average price of $5.6 a share.
Culp Inc. ranks as one of the two largest producers of mattress fabrics known as mattress ticking in North America as measured by total sales and one of the three largest marketers of upholstery fabrics for furniture in North America again measured by sales. The company's fabrics are used primarily in the production of mattress sets and residential and commercial upholstered furniture including sofas chairs recliners love seats office seating and panel systems. The company's operating segments are mattress fabrics and upholstery fabrics. In the upholstery fabrics segment representative customers for residential furniture include La-Z-Boy Furniture Brands Lane Broyhill and Thomasville Flexsteel and Basset and commercial furniture customers include HON Industries and Steelcase. Culp is a fully integrated marketer with manufacturing plants in North and South Carolina Canada and China. Culp Inc. has a market cap of $71.5 million; its shares were traded at around $5.6 with a P/E ratio of 12.7 and P/S ratio of 0.4.
Recent Trades of Culp Inc. by Directors and Officers:
- Buy: 10% Owner R Scott Asen bought 9,850 shares of CFI stock on 08/26/2009 at the average price of $5.4; the price of the stock has increased by 3.7% since.
- Buy: 10% Owner R Scott Asen bought 9,850 more shares of CFI stock on 08/26/2009 at the average price of $5.4; the price of the stock has increased by 3.7% since.
- Buy: 10% Owner R Scott Asen bought 300 more shares of CFI stock on 06/24/2009 at the average price of $4.49; the price of the stock has increased by 24.72% since.