Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Up 115.3% in December

Crown Crafts, Inc. (NASDAQ:CRWS) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 15,500 shares, an increase of 115.3% from the November 30th total of 7,200 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 18,400 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Crown Crafts

Several hedge funds have recently made changes to their positions in CRWS. Lakewood Asset Management LLC lifted its holdings in Crown Crafts by 9.2% in the third quarter. Lakewood Asset Management LLC now owns 27,375 shares of the textile maker’s stock valued at $131,000 after acquiring an additional 2,300 shares during the last quarter. Cannon Financial Strategists Inc. raised its position in Crown Crafts by 16.7% in the third quarter. Cannon Financial Strategists Inc. now owns 22,940 shares of the textile maker’s stock valued at $114,000 after purchasing an additional 3,278 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Crown Crafts by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock valued at $1,269,000 after purchasing an additional 3,596 shares during the last quarter. 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 worth $455,000 after purchasing an additional 9,000 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Crown Crafts by 11.8% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 30.23% of the company’s stock.

Crown Crafts Trading Up 0.2 %

Shares of CRWS traded up $0.01 during midday trading on Friday, reaching $4.50. The company had a trading volume of 11,785 shares, compared to its average volume of 17,238. The firm has a 50 day simple moving average of $4.57 and a 200-day simple moving average of $4.76. The company has a quick ratio of 1.51, a current ratio of 3.32 and a debt-to-equity ratio of 0.37. The stock has a market cap of $46.77 million, a PE ratio of 14.06 and a beta of 0.84. Crown Crafts has a 1-year low of $4.21 and a 1-year high of $5.97.

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 issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a yield of 7.11%. Crown Crafts’s payout ratio is 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.