Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Down 20.2% in October

Crown Crafts, Inc. (NASDAQ:CRWS) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 8,300 shares, a drop of 20.2% from the October 15th total of 10,400 shares. Based on an average trading volume of 19,200 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Insiders Place Their Bets

In other Crown Crafts news, Director Zenon S. Nie purchased 8,085 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of $4.60 per share, for a total transaction of $37,191.00. Following the completion of the transaction, the director now owns 63,306 shares in the company, valued at approximately $291,207.60. This represents a 14.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.90% of the company’s stock.

Institutional Trading of Crown Crafts

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cannon Financial Strategists Inc. bought a new stake in shares of Crown Crafts during the 2nd quarter valued at about $103,000. Lakewood Asset Management LLC boosted its position in shares of Crown Crafts by 9.2% in the third quarter. Lakewood Asset Management LLC now owns 27,375 shares of the textile maker’s stock worth $131,000 after purchasing an additional 2,300 shares during the period. Empowered Funds LLC boosted its position in shares of Crown Crafts by 8.0% in the first quarter. Empowered Funds LLC now owns 37,922 shares of the textile maker’s stock worth $193,000 after purchasing an additional 2,800 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of Crown Crafts by 11.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 87,000 shares of the textile maker’s stock worth $455,000 after buying an additional 9,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Crown Crafts by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock worth $1,269,000 after buying an additional 3,596 shares in the last quarter. Hedge funds and other institutional investors own 30.23% of the company’s stock.

Crown Crafts Trading Down 0.2 %

CRWS stock traded down $0.01 during midday trading on Friday, hitting $4.53. The stock had a trading volume of 9,322 shares, compared to its average volume of 17,306. The firm has a market cap of $47.07 million, a P/E ratio of 14.16 and a beta of 0.85. The company has a current ratio of 3.32, a quick ratio of 1.46 and a debt-to-equity ratio of 0.37. Crown Crafts has a 1-year low of $4.21 and a 1-year high of $5.97. The business has a fifty day moving average price of $4.72 and a two-hundred day moving average price of $4.88.

Crown Crafts (NASDAQ:CRWS) last released its earnings results on Wednesday, August 14th. The textile maker reported ($0.03) earnings per share for the quarter. Crown Crafts had a net margin of 3.73% and a return on equity of 7.57%. The company had revenue of $16.21 million for the quarter.

Crown Crafts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.06%. The ex-dividend date is Friday, December 13th. Crown Crafts’s dividend payout ratio is presently 100.00%.

About Crown Crafts

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.