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

Crown Crafts, Inc. (NASDAQ:CRWS) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 22,500 shares, an increase of 100.9% from the December 31st total of 11,200 shares. Based on an average trading volume of 20,400 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are short sold.

Crown Crafts Price Performance

NASDAQ:CRWS traded down $0.00 during trading hours on Friday, reaching $4.50. 8,733 shares of the company traded hands, compared to its average volume of 18,376. The firm’s 50-day moving average is $4.52 and its 200-day moving average is $4.68. The stock has a market cap of $46.71 million, a P/E ratio of 14.05 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.32 and a quick ratio of 1.51. Crown Crafts has a 1-year low of $4.21 and a 1-year high of $5.97.

Crown Crafts (NASDAQ:CRWS) last issued its earnings results on Tuesday, November 12th. The textile maker reported $0.14 earnings per share for the quarter. The business had revenue of $24.46 million for the quarter. Crown Crafts had a return on equity of 7.57% and a net margin of 3.73%.

Crown Crafts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 7.12%. The ex-dividend date was Friday, December 13th. Crown Crafts’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CRWS. 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. Lakewood Asset Management LLC grew its stake in Crown Crafts by 9.2% during the 3rd quarter. Lakewood Asset Management LLC now owns 27,375 shares of the textile maker’s stock valued at $131,000 after purchasing an additional 2,300 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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. Dimensional Fund Advisors LP raised its position 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 in the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Crown Crafts by 14.7% during the 3rd quarter. Synovus Financial Corp now owns 278,113 shares of the textile maker’s stock valued at $1,335,000 after buying an additional 35,565 shares during the last quarter. 30.23% of the stock is owned by hedge funds and other institutional investors.

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.