Donald Ratajczak Purchases 5,000 Shares of Crown Crafts (NASDAQ:CRWS) Stock

Crown Crafts, Inc. (NASDAQ:CRWS) Director Donald Ratajczak acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average cost of $2.70 per share, for a total transaction of $13,500.00. Following the completion of the purchase, the director directly owned 336,181 shares of the company’s stock, valued at $907,688.70. The trade was a 1.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Crown Crafts Price Performance

Shares of NASDAQ CRWS traded up $0.10 during mid-day trading on Friday, hitting $2.73. 46,900 shares of the stock traded hands, compared to its average volume of 31,087. The company has a market cap of $29.22 million, a PE ratio of -2.81 and a beta of 0.81. Crown Crafts, Inc. has a twelve month low of $2.35 and a twelve month high of $4.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.88 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $2.96.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings data on Wednesday, November 12th. The textile maker reported $0.11 EPS for the quarter. Crown Crafts had a negative net margin of 11.72% and a positive return on equity of 1.85%. The company had revenue of $23.70 million for the quarter.

Crown Crafts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, December 12th. This represents a $0.32 annualized dividend and a yield of 11.7%. Crown Crafts’s dividend payout ratio is presently -34.04%.

Institutional Investors Weigh In On Crown Crafts

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Diamond Hill Capital Management Inc. boosted its holdings in Crown Crafts by 5.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 112,202 shares of the textile maker’s stock worth $408,000 after acquiring an additional 5,315 shares during the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of Crown Crafts by 72.3% in the second quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 9,802 shares during the last quarter. Synovus Financial Corp lifted its position in shares of Crown Crafts by 7.5% during the third quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock valued at $876,000 after purchasing an additional 21,122 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of Crown Crafts by 3.0% during the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock valued at $373,000 after purchasing an additional 3,688 shares in the last quarter. 30.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Crown Crafts in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Crown Crafts currently has a consensus rating of “Sell”.

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.