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

Crown Crafts, Inc. (NASDAQ:CRWS) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 10,300 shares, a decrease of 12.0% from the July 15th total of 11,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRWS. Empowered Funds LLC boosted its stake in shares of Crown Crafts by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,922 shares of the textile maker’s stock worth $193,000 after purchasing an additional 2,800 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Crown Crafts by 11.5% during the second quarter. Diamond Hill Capital Management Inc. now owns 87,000 shares of the textile maker’s stock valued at $455,000 after buying an additional 9,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Crown Crafts by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock valued at $1,269,000 after buying an additional 3,596 shares during the period. Institutional investors and hedge funds own 30.23% of the company’s stock.

Crown Crafts Price Performance

Shares of CRWS traded down $0.04 during mid-day trading on Monday, reaching $4.61. 35,933 shares of the company’s stock were exchanged, compared to its average volume of 16,690. The company has a quick ratio of 1.74, a current ratio of 4.13 and a debt-to-equity ratio of 0.20. Crown Crafts has a 52-week low of $4.11 and a 52-week high of $5.97. The company has a market cap of $47.53 million, a price-to-earnings ratio of 9.41 and a beta of 0.82. The company has a 50-day simple moving average of $4.92 and a two-hundred day simple moving average of $5.16.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings results on Friday, June 28th. The textile maker reported $0.10 earnings per share for the quarter. Crown Crafts had a return on equity of 9.77% and a net margin of 5.58%. The company had revenue of $22.58 million during the quarter.

Crown Crafts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend is Friday, September 13th. Crown Crafts’s dividend payout ratio is presently 65.31%.

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.