Crown Crafts, Inc. (NASDAQ:CRWS) Shares Bought by Cannon Financial Strategists Inc.

Cannon Financial Strategists Inc. lifted its position in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 16.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,940 shares of the textile maker’s stock after acquiring an additional 3,278 shares during the period. Cannon Financial Strategists Inc. owned 0.22% of Crown Crafts worth $114,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Lakewood Asset Management LLC grew its position in Crown Crafts by 9.2% in the 3rd quarter. Lakewood Asset Management LLC now owns 27,375 shares of the textile maker’s stock worth $131,000 after purchasing an additional 2,300 shares during the last quarter. Empowered Funds LLC grew its holdings in Crown Crafts by 8.0% in the 1st quarter. Empowered Funds LLC now owns 37,922 shares of the textile maker’s stock worth $193,000 after buying an additional 2,800 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Crown Crafts by 11.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 87,000 shares of the textile maker’s stock valued at $455,000 after acquiring an additional 9,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Crown Crafts by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock valued at $1,269,000 after acquiring an additional 3,596 shares in the last quarter. Institutional investors and hedge funds own 30.23% of the company’s stock.

Insider Buying and Selling

In other news, Director Zenon S. Nie purchased 8,085 shares of the stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of $4.60 per share, for a total transaction of $37,191.00. Following the transaction, the director now owns 63,306 shares in the company, valued at $291,207.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Crown Crafts news, Director Donald R. Ratajczak bought 10,661 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $4.71 per share, for a total transaction of $50,213.31. Following the acquisition, the director now directly owns 261,164 shares of the company’s stock, valued at $1,230,082.44. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Zenon S. Nie bought 8,085 shares of Crown Crafts stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of $4.60 per share, with a total value of $37,191.00. Following the completion of the acquisition, the director now directly owns 63,306 shares of the company’s stock, valued at $291,207.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 30,661 shares of company stock valued at $143,881 over the last quarter. Corporate insiders own 9.90% of the company’s stock.

Crown Crafts Stock Performance

CRWS stock traded up $0.01 during trading on Friday, reaching $4.90. 10,298 shares of the company’s stock were exchanged, compared to its average volume of 16,590. The firm has a market cap of $50.47 million, a PE ratio of 9.99 and a beta of 0.85. The company has a quick ratio of 1.46, a current ratio of 3.89 and a debt-to-equity ratio of 0.03. Crown Crafts, Inc. has a 1-year low of $4.11 and a 1-year high of $5.97. The company’s fifty day moving average price is $4.78 and its 200-day moving average price is $4.96.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.03) earnings per share for the quarter. The company had revenue of $16.21 million during the quarter. Crown Crafts had a return on equity of 8.30% and a net margin of 4.85%.

Crown Crafts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.54%. Crown Crafts’s dividend payout ratio is presently 65.31%.

Crown Crafts 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.