Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Up 34.3% in February

Crown Crafts, Inc. (NASDAQ:CRWS) saw a large growth in short interest during the month of 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. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 17,600 shares, the short-interest ratio is presently 0.8 days.

Crown Crafts Stock Performance

Crown Crafts stock opened at $4.06 on Thursday. The company has a quick ratio of 1.60, a current ratio of 3.36 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $42.20 million, a P/E ratio of 16.92 and a beta of 0.84. The stock’s 50 day moving average is $4.39 and its 200 day moving average is $4.57. Crown Crafts has a twelve month low of $3.89 and a twelve month high of $5.77.

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

Crown Crafts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 7.88%. Crown Crafts’s dividend payout ratio is 133.33%.

Institutional Trading of Crown Crafts

Several institutional investors have recently added to or reduced their stakes in CRWS. De Lisle Partners LLP boosted its stake in Crown Crafts by 41.2% during the 3rd quarter. De Lisle Partners LLP now owns 396,326 shares of the textile maker’s stock valued at $1,901,000 after purchasing an additional 115,696 shares during the last quarter. Synovus Financial Corp boosted its stake in 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 purchasing an additional 35,565 shares during the last quarter. Diamond Hill Capital Management Inc. boosted 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 last quarter. Northern Trust Corp boosted its stake in Crown Crafts by 55.6% during the 4th quarter. Northern Trust Corp now owns 48,518 shares of the textile maker’s stock valued at $218,000 after purchasing an additional 17,330 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 valued at $454,000 after purchasing an additional 9,988 shares during the last quarter. 30.23% of the stock is currently owned by hedge funds and other 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.