Diamond Hill Capital Management Inc. Has $479,000 Position in Crown Crafts, Inc. (NASDAQ:CRWS)

Diamond Hill Capital Management Inc. grew its holdings in Crown Crafts, Inc. (NASDAQ:CRWS) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,887 shares of the textile maker’s stock after buying an additional 19,887 shares during the quarter. Diamond Hill Capital Management Inc. owned 1.03% of Crown Crafts worth $479,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synovus Financial Corp increased its stake in Crown Crafts by 14.7% in the third quarter. Synovus Financial Corp now owns 278,113 shares of the textile maker’s stock valued at $1,335,000 after acquiring an additional 35,565 shares during the period. Geode Capital Management LLC boosted its holdings in Crown Crafts by 11.8% during the third 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 in the last quarter. Finally, De Lisle Partners LLP grew its stake in shares of Crown Crafts by 41.2% in 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 period. 30.23% of the stock is owned by institutional investors.

Crown Crafts Price Performance

Crown Crafts stock opened at $3.83 on Friday. The business has a 50 day simple moving average of $4.31 and a 200 day simple moving average of $4.54. 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 company has a market capitalization of $39.81 million, a PE ratio of 15.96 and a beta of 0.87. Crown Crafts, Inc. has a one year low of $3.83 and a one year high of $5.61.

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

Crown Crafts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 8.36%. The ex-dividend date of this dividend is Friday, March 14th. Crown Crafts’s dividend payout ratio is currently 133.33%.

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.