Synovus Financial Corp Increases Holdings in Crown Crafts, Inc. (NASDAQ:CRWS)

Synovus Financial Corp lifted its position in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,863 shares of the textile maker’s stock after buying an additional 3,725 shares during the period. Synovus Financial Corp’s holdings in Crown Crafts were worth $805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRWS. Bailard Inc. purchased a new position in Crown Crafts in the 3rd quarter worth approximately $78,000. River & Mercantile Asset Management LLP bought a new stake in shares of Crown Crafts in the 2nd quarter worth approximately $269,000. North Star Investment Management Corp. grew its position in shares of Crown Crafts by 20.4% in the 2nd quarter. North Star Investment Management Corp. now owns 979,506 shares of the textile maker’s stock worth $4,604,000 after buying an additional 166,070 shares during the last quarter. Cutter & CO Brokerage Inc. bought a new stake in shares of Crown Crafts in the 2nd quarter worth approximately $441,000. Finally, Dalton Greiner Hartman Maher & Co. bought a new stake in shares of Crown Crafts in the 3rd quarter worth approximately $308,000. 34.25% of the stock is currently owned by institutional investors.

In other news, insider Nanci Freeman sold 15,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $5.18, for a total value of $77,700.00. Following the completion of the transaction, the insider now owns 157,030 shares in the company, valued at $813,415.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.63% of the stock is owned by insiders.

Shares of CRWS stock opened at $6.99 on Friday. Crown Crafts, Inc. has a fifty-two week low of $4.01 and a fifty-two week high of $7.29. The business’s 50 day moving average price is $6.22 and its 200-day moving average price is $5.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.47 and a current ratio of 3.23. The firm has a market cap of $72.25 million, a P/E ratio of 13.98 and a beta of 0.46.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings results on Wednesday, August 14th. The textile maker reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Crown Crafts had a return on equity of 13.54% and a net margin of 7.59%. The firm had revenue of $15.94 million during the quarter, compared to analysts’ expectations of $15.60 million. As a group, equities analysts predict that Crown Crafts, Inc. will post 0.52 EPS for the current year.

CRWS has been the topic of a number of recent analyst reports. TheStreet upgraded Crown Crafts from a “c+” rating to a “b” rating in a research report on Thursday, October 10th. ValuEngine upgraded Crown Crafts from a “strong sell” rating to a “sell” rating in a research report on Monday, November 4th. Finally, Zacks Investment Research lowered Crown Crafts from a “buy” rating to a “hold” rating in a research report on Monday, October 14th.

About Crown Crafts

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.

Featured Story: How Does the Quiet Period Work?

Want to see what other hedge funds are holding CRWS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Crafts, Inc. (NASDAQ:CRWS).

Institutional Ownership by Quarter for Crown Crafts (NASDAQ:CRWS)

Receive News & Ratings for Crown Crafts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Crafts and related companies with MarketBeat.com's FREE daily email newsletter.