Short Interest in Crown Crafts, Inc. (NASDAQ:CRWS) Expands By 115.3%

Crown Crafts, Inc. (NASDAQ:CRWS) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 15,500 shares, an increase of 115.3% from the November 30th total of 7,200 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 18,400 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRWS. Cannon Financial Strategists Inc. purchased a new position in Crown Crafts during the second quarter worth approximately $103,000. Diamond Hill Capital Management Inc. increased its holdings 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 worth $455,000 after acquiring an additional 9,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Crown Crafts by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock valued at $1,269,000 after purchasing an additional 3,596 shares in the last quarter. Lakewood Asset Management LLC boosted its stake in shares of Crown Crafts by 9.2% in the third quarter. Lakewood Asset Management LLC now owns 27,375 shares of the textile maker’s stock worth $131,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Crown Crafts by 14.7% during the third quarter. Synovus Financial Corp now owns 278,113 shares of the textile maker’s stock worth $1,335,000 after buying an additional 35,565 shares in the last quarter. Hedge funds and other institutional investors own 30.23% of the company’s stock.

Crown Crafts Stock Up 0.2 %

CRWS traded up $0.01 during trading on Friday, hitting $4.50. The stock had a trading volume of 11,785 shares, compared to its average volume of 17,238. The stock has a 50 day simple moving average of $4.57 and a two-hundred day simple moving average of $4.76. The company has a market capitalization of $46.77 million, a PE ratio of 14.06 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.51 and a current ratio of 3.32. Crown Crafts has a twelve month low of $4.21 and a twelve month high of $5.97.

Crown Crafts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date is Friday, December 13th. Crown Crafts’s dividend payout ratio (DPR) is presently 100.00%.

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.