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

Crown Crafts, Inc. (NASDAQ:CRWS) was the target 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. Based on an average daily trading volume, of 17,600 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are sold short.

Crown Crafts Stock Down 0.5 %

Shares of CRWS opened at $4.06 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.36 and a quick ratio of 1.60. The stock has a market capitalization of $42.20 million, a price-to-earnings ratio of 16.92 and a beta of 0.84. Crown Crafts has a 1 year low of $4.05 and a 1 year high of $5.79. The business’s 50 day simple moving average is $4.40 and its 200-day simple moving average is $4.58.

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

Crown Crafts Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. De Lisle Partners LLP raised its position in Crown Crafts by 41.2% during the third 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 period. Synovus Financial Corp increased its position in shares of 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. raised its holdings 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 buying an additional 19,887 shares during the period. Northern Trust Corp raised its holdings 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 buying an additional 17,330 shares during the period. Finally, Geode Capital Management LLC lifted its position in Crown Crafts by 11.8% in the third 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 during the last quarter. Hedge funds and other institutional investors own 30.23% of the company’s stock.

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.