O Shaughnessy Asset Management LLC Purchases 3,917 Shares of Crown Crafts, Inc. (NASDAQ:CRWS)

O Shaughnessy Asset Management LLC boosted its position in Crown Crafts, Inc. (NASDAQ:CRWS) by 19.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,074 shares of the textile maker’s stock after acquiring an additional 3,917 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.24% of Crown Crafts worth $180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWS. BlackRock Inc. grew its stake in shares of Crown Crafts by 44.7% during the first quarter. BlackRock Inc. now owns 45,402 shares of the textile maker’s stock valued at $351,000 after buying an additional 14,029 shares during the last quarter. Seizert Capital Partners LLC grew its stake in shares of Crown Crafts by 104.0% during the second quarter. Seizert Capital Partners LLC now owns 56,847 shares of the textile maker’s stock valued at $430,000 after buying an additional 28,983 shares during the last quarter. Burney Co. bought a new position in shares of Crown Crafts during the second quarter valued at about $75,000. Legato Capital Management LLC bought a new position in shares of Crown Crafts during the second quarter valued at about $215,000. Finally, Diamond Hill Capital Management Inc. bought a new position in shares of Crown Crafts during the second quarter valued at about $112,000. 39.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CRWS opened at $7.17 on Tuesday. The stock’s 50-day moving average price is $7.38 and its 200-day moving average price is $7.63. The stock has a market capitalization of $71.94 million, a P/E ratio of 9.69 and a beta of 0.92. Crown Crafts, Inc. has a 12-month low of $5.02 and a 12-month high of $8.40.

Crown Crafts (NASDAQ:CRWS) last posted its earnings results on Wednesday, August 11th. The textile maker reported $0.15 earnings per share for the quarter. The company had revenue of $18.71 million during the quarter. Crown Crafts had a net margin of 9.22% and a return on equity of 17.67%.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Wednesday, September 1st will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, August 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.46%.

Crown Crafts Company Profile

Crown Crafts, Inc engages in designing, marketing, and distribution of infant, toddler, and juvenile products. It also offers infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, and burp cloths, Hooded Bath towels and wash clothes, development toys and feeding and care goods.

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

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