Crown Crafts, Inc. (NASDAQ:CRWS) Sees Significant Growth in Short Interest

Crown Crafts, Inc. (NASDAQ:CRWS) was the recipient of 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 shares are short sold. Based on an average daily trading volume, of 18,400 shares, the days-to-cover ratio is presently 0.8 days.

Crown Crafts Stock Performance

Shares of CRWS stock opened at $4.51 on Friday. The company has a quick ratio of 1.51, a current ratio of 3.32 and a debt-to-equity ratio of 0.37. Crown Crafts has a 52 week low of $4.21 and a 52 week high of $5.97. The firm has a 50 day moving average of $4.56 and a 200-day moving average of $4.75. The company has a market cap of $46.88 million, a price-to-earnings ratio of 14.09 and a beta of 0.84.

Crown Crafts Dividend Announcement

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 paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend is Friday, December 13th. Crown Crafts’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Investors Weigh In On Crown Crafts

Several hedge funds and other institutional investors have recently modified their holdings of CRWS. Diamond Hill Capital Management Inc. increased its stake in Crown Crafts by 11.5% during 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Crown Crafts by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock worth $1,269,000 after acquiring an additional 3,596 shares in the last quarter. Cannon Financial Strategists Inc. acquired a new stake in shares of Crown Crafts in the 2nd quarter worth about $103,000. Lakewood Asset Management LLC lifted 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 valued at $131,000 after acquiring an additional 2,300 shares in the last quarter. Finally, De Lisle Partners LLP boosted its stake in Crown Crafts by 41.2% during the 3rd quarter. De Lisle Partners LLP now owns 396,326 shares of the textile maker’s stock valued at $1,901,000 after purchasing an additional 115,696 shares during the last quarter. Institutional investors own 30.23% of the company’s stock.

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; 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.