Posted by admin on Jul 4th, 2022

Crown Crafts, Inc. (NASDAQ:CRWS – Get Rating) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 27,300 shares, a growth of 51.7% from the May 31st total of 18,000 shares. Based on an average trading volume of 15,200 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.3% of the company’s stock are short sold.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Crown Crafts by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 288,743 shares of the textile maker’s stock worth $1,880,000 after buying an additional 7,491 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Crown Crafts by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 239,262 shares of the textile maker’s stock worth $1,558,000 after buying an additional 2,242 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Crown Crafts by 24.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 22,876 shares of the textile maker’s stock worth $149,000 after buying an additional 4,431 shares in the last quarter. Skylands Capital LLC grew its stake in shares of Crown Crafts by 3.6% during the 1st quarter. Skylands Capital LLC now owns 558,484 shares of the textile maker’s stock valued at $3,636,000 after purchasing an additional 19,400 shares during the period. Finally, Ardent Capital Management Inc. bought a new stake in shares of Crown Crafts during the 4th quarter valued at about $1,721,000. Hedge funds and other institutional investors own 40.94% of the company’s stock.

Shares of NASDAQ:CRWS opened at $6.28 on Monday. Crown Crafts has a 1-year low of $5.95 and a 1-year high of $8.03. The business has a fifty day moving average price of $6.20 and a 200-day moving average price of $6.58. The company has a market capitalization of $63.28 million, a PE ratio of 6.34 and a beta of 0.79.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, June 17th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $0.32 annualized dividend and a dividend yield of 5.10%. Crown Crafts’s payout ratio is presently 32.32%.

Crown Crafts Company Profile (Get Rating)

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; 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.

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