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

Crown Crafts, Inc. (NASDAQ:CRWS) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 17,112 shares, a decline of 42.4% from the June 30th total of 29,718 shares. Based on an average trading volume of 52,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Crown Crafts

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mariner LLC bought a new position in Crown Crafts in the 4th quarter valued at $28,000. Institute for Wealth Management LLC. purchased a new stake in shares of Crown Crafts during the 4th quarter valued at $28,000. XTX Topco Ltd bought a new stake in shares of Crown Crafts during the 4th quarter worth $32,000. HB Wealth Management LLC bought a new stake in shares of Crown Crafts during the 4th quarter worth $41,000. Finally, Weinberger Asset Management Inc purchased a new position in shares of Crown Crafts in the 4th quarter worth about $61,000. 30.23% of the stock is owned by hedge funds and other institutional investors.

Crown Crafts Stock Up 1.2%

CRWS stock traded up $0.04 during trading on Thursday, reaching $2.98. 3,384 shares of the stock were exchanged, compared to its average volume of 36,736. The firm’s 50 day moving average is $2.87 and its 200 day moving average is $2.84. The firm has a market cap of $32.01 million, a P/E ratio of 16.53 and a beta of 0.65. The company has a current ratio of 3.58, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. Crown Crafts has a twelve month low of $2.35 and a twelve month high of $3.17.

Crown Crafts (NASDAQ:CRWS) last issued its earnings results on Wednesday, June 24th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20). The firm had revenue of $22.38 million during the quarter, compared to the consensus estimate of $22.30 million. Crown Crafts had a return on equity of 4.78% and a net margin of 2.24%.

Crown Crafts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date was Thursday, June 11th. Crown Crafts’s payout ratio is presently 177.78%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Crown Crafts

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.