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

Crown Crafts, Inc. (NASDAQ:CRWS) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 33,000 shares, a growth of 129.2% from the February 28th total of 14,400 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 17,700 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of Crown Crafts

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp increased its stake in shares of Crown Crafts by 55.6% in the fourth quarter. Northern Trust Corp now owns 48,518 shares of the textile maker’s stock worth $218,000 after buying an additional 17,330 shares during the period. Diamond Hill Capital Management Inc. increased its position in shares of Crown Crafts by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 106,887 shares of the textile maker’s stock valued at $479,000 after acquiring an additional 19,887 shares during the period. Synovus Financial Corp raised its stake in shares of Crown Crafts by 14.7% during the third quarter. Synovus Financial Corp now owns 278,113 shares of the textile maker’s stock valued at $1,335,000 after acquiring an additional 35,565 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Crown Crafts by 11.8% during the third quarter. Geode Capital Management LLC now owns 94,480 shares of the textile maker’s stock worth $454,000 after purchasing an additional 9,988 shares during the period. Finally, De Lisle Partners LLP grew its stake in shares of Crown Crafts by 41.2% in the third quarter. De Lisle Partners LLP now owns 396,326 shares of the textile maker’s stock worth $1,901,000 after purchasing an additional 115,696 shares during the last quarter. Institutional investors own 30.23% of the company’s stock.

Crown Crafts Price Performance

CRWS stock opened at $3.69 on Friday. The firm has a market cap of $38.35 million, a P/E ratio of 15.38 and a beta of 0.87. The firm’s fifty day moving average is $4.17 and its 200 day moving average is $4.47. Crown Crafts has a 52 week low of $3.69 and a 52 week high of $5.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 3.36.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings results on Wednesday, February 12th. The textile maker reported $0.09 earnings per share (EPS) for the quarter. Crown Crafts had a net margin of 2.81% and a return on equity of 5.99%.

Crown Crafts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 8.67%. Crown Crafts’s payout ratio is 133.33%.

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.