Crown Crafts, Inc. (NASDAQ:CRWS) Sees Large Growth in Short Interest

Crown Crafts, Inc. (NASDAQ:CRWS) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 13,300 shares, a growth of 34.3% from the January 31st total of 9,900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 17,600 shares, the short-interest ratio is currently 0.8 days.

Crown Crafts Price Performance

Shares of Crown Crafts stock opened at $4.06 on Tuesday. The stock’s fifty day moving average is $4.40 and its 200 day moving average is $4.58. Crown Crafts has a one year low of $4.05 and a one year high of $5.79. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 3.36. The stock has a market cap of $42.20 million, a P/E ratio of 16.92 and a beta of 0.84.

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

Crown Crafts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.88%. Crown Crafts’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Trading of Crown Crafts

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Crown Crafts by 11.8% in the 3rd quarter. Geode Capital Management LLC now owns 94,480 shares of the textile maker’s stock worth $454,000 after buying an additional 9,988 shares in the last quarter. Northern Trust Corp grew its position in shares of Crown Crafts by 55.6% during the fourth quarter. Northern Trust Corp now owns 48,518 shares of the textile maker’s stock worth $218,000 after purchasing an additional 17,330 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in Crown Crafts by 22.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 106,887 shares of the textile maker’s stock valued at $479,000 after purchasing an additional 19,887 shares during the period. Synovus Financial Corp lifted its holdings in Crown Crafts by 14.7% in the 3rd quarter. Synovus Financial Corp now owns 278,113 shares of the textile maker’s stock worth $1,335,000 after purchasing an additional 35,565 shares in the last quarter. Finally, De Lisle Partners LLP boosted its stake in Crown Crafts by 41.2% in the 3rd 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 period. 30.23% of the stock is currently owned by institutional investors.

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.