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

Crown Crafts, Inc. (NASDAQ:CRWS) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 15,500 shares, a growth of 115.3% from the November 30th total of 7,200 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 18,400 shares, the short-interest ratio is presently 0.8 days.

Crown Crafts Price Performance

Shares of CRWS stock traded up $0.02 during trading on Friday, hitting $4.51. The company had a trading volume of 18,761 shares, compared to its average volume of 17,266. The firm has a market capitalization of $46.88 million, a P/E ratio of 14.09 and a beta of 0.84. Crown Crafts has a one year low of $4.21 and a one year high of $5.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.51 and a current ratio of 3.32. The stock’s 50-day moving average price is $4.56 and its 200 day moving average price is $4.75.

Crown Crafts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date is Friday, December 13th. Crown Crafts’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Investors Weigh In On Crown Crafts

Large investors have recently bought and sold shares of the company. Diamond Hill Capital Management Inc. increased its stake in shares of 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 purchasing an additional 9,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Crown Crafts by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock valued at $1,269,000 after buying an additional 3,596 shares in the last quarter. Cannon Financial Strategists Inc. acquired a new position in Crown Crafts in the 2nd quarter worth about $103,000. Lakewood Asset Management LLC boosted its stake in shares of Crown Crafts by 9.2% during the third quarter. Lakewood Asset Management LLC now owns 27,375 shares of the textile maker’s stock valued at $131,000 after purchasing an additional 2,300 shares in the last quarter. Finally, De Lisle Partners LLP grew its holdings in shares of Crown Crafts by 41.2% during the third quarter. De Lisle Partners LLP now owns 396,326 shares of the textile maker’s stock worth $1,901,000 after purchasing an additional 115,696 shares during the last quarter. 30.23% of the stock is currently owned by institutional investors and hedge funds.

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.