Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Update

Crown Crafts, Inc. (NASDAQ:CRWS) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 14,300 shares, a growth of 23.3% from the August 31st total of 11,600 shares. Based on an average daily volume of 20,700 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Insider Activity at Crown Crafts

In other Crown Crafts news, Director Zenon S. Nie purchased 8,085 shares of the stock in a transaction on Monday, August 19th. The shares were purchased at an average price of $4.60 per share, with a total value of $37,191.00. Following the completion of the transaction, the director now directly owns 63,306 shares in the company, valued at $291,207.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Donald R. Ratajczak acquired 10,661 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $4.71 per share, with a total value of $50,213.31. Following the completion of the transaction, the director now directly owns 261,164 shares of the company’s stock, valued at $1,230,082.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Zenon S. Nie bought 8,085 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were bought at an average price of $4.60 per share, with a total value of $37,191.00. Following the purchase, the director now owns 63,306 shares in the company, valued at approximately $291,207.60. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 30,661 shares of company stock worth $143,881. Insiders own 9.90% of the company’s stock.

Institutional Investors Weigh In On Crown Crafts

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWS. Cannon Financial Strategists Inc. bought a new position in Crown Crafts during the 2nd quarter worth $103,000. Empowered Funds LLC lifted its position in shares of Crown Crafts by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,922 shares of the textile maker’s stock valued at $193,000 after acquiring an additional 2,800 shares during the period. Diamond Hill Capital Management Inc. grew its holdings in shares of Crown Crafts by 11.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 87,000 shares of the textile maker’s stock valued at $455,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Crown Crafts by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock worth $1,269,000 after purchasing an additional 3,596 shares in the last quarter. 30.23% of the stock is currently owned by institutional investors and hedge funds.

Crown Crafts Price Performance

Crown Crafts stock opened at $4.81 on Monday. The company’s 50-day moving average price is $4.81 and its two-hundred day moving average price is $5.01. The company has a quick ratio of 1.46, a current ratio of 3.89 and a debt-to-equity ratio of 0.03. The stock has a market cap of $49.60 million, a P/E ratio of 9.82 and a beta of 0.85. Crown Crafts has a twelve month low of $4.11 and a twelve month high of $5.97.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.03) EPS for the quarter. Crown Crafts had a net margin of 4.85% and a return on equity of 8.30%. The business had revenue of $16.21 million during the quarter.

Crown Crafts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.32 annualized dividend and a dividend yield of 6.65%. Crown Crafts’s dividend payout ratio is presently 65.31%.

Crown Crafts Company Profile

Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; dolls and plush toys; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.