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

Crown Crafts, Inc. (NASDAQ:CRWS) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 5,800 shares, a decline of 52.1% from the December 15th total of 12,100 shares. Based on an average trading volume of 17,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Several hedge funds and other institutional investors have recently modified their holdings of CRWS. Russell Investments Group Ltd. purchased a new stake in shares of Crown Crafts during the second quarter worth about $152,000. O Shaughnessy Asset Management LLC grew its holdings in Crown Crafts by 19.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 24,074 shares of the textile maker’s stock valued at $180,000 after purchasing an additional 3,917 shares during the period. Dimensional Fund Advisors LP grew its holdings in Crown Crafts by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 234,591 shares of the textile maker’s stock valued at $1,776,000 after purchasing an additional 4,941 shares during the period. Vanguard Group Inc. grew its holdings in Crown Crafts by 10.0% in the second quarter. Vanguard Group Inc. now owns 246,239 shares of the textile maker’s stock valued at $1,830,000 after purchasing an additional 22,318 shares during the period. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in Crown Crafts in the third quarter valued at approximately $87,000. Institutional investors and hedge funds own 39.61% of the company’s stock.

Shares of CRWS opened at $7.12 on Friday. The stock has a market cap of $71.77 million, a P/E ratio of 9.62 and a beta of 0.89. The company has a 50-day moving average of $7.39 and a two-hundred day moving average of $7.40. Crown Crafts has a 12-month low of $6.49 and a 12-month high of $8.40.

Crown Crafts (NASDAQ:CRWS) last announced its earnings results on Wednesday, November 10th. The textile maker reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $20.22 million during the quarter. Crown Crafts had a net margin of 9.26% and a return on equity of 17.43%.

The company also recently declared a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Friday, December 10th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, December 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.49%. Crown Crafts’s dividend payout ratio (DPR) is presently 43.24%.

About Crown Crafts

Crown Crafts, Inc engages in designing, marketing, and distribution of infant, toddler, and juvenile products. It also offers infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, and burp cloths, Hooded Bath towels and wash clothes, development toys and feeding and care goods.

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