Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Update

Crown Crafts, Inc. (NASDAQ:CRWS) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 9,500 shares, a drop of 32.1% from the August 15th total of 14,000 shares. Based on an average trading volume of 21,500 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

NASDAQ CRWS traded down $0.50 on Monday, reaching $7.17. 65,869 shares of the stock were exchanged, compared to its average volume of 22,109. Crown Crafts has a one year low of $5.02 and a one year high of $8.40. The firm has a market capitalization of $71.94 million, a PE ratio of 9.69 and a beta of 0.92. The company’s 50-day simple moving average is $7.38 and its two-hundred day simple moving average is $7.63.

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in CRWS. Rutabaga Capital Management LLC MA grew its holdings in Crown Crafts by 19.0% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 740,450 shares of the textile maker’s stock valued at $5,724,000 after buying an additional 118,482 shares in the last quarter. Skylands Capital LLC grew its holdings in Crown Crafts by 10.7% during the 2nd quarter. Skylands Capital LLC now owns 460,755 shares of the textile maker’s stock valued at $3,423,000 after buying an additional 44,621 shares in the last quarter. Seizert Capital Partners LLC grew its holdings in Crown Crafts by 104.0% during the 2nd 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 in the last quarter. Legato Capital Management LLC purchased a new stake in Crown Crafts during the 2nd quarter valued at approximately $215,000. Finally, Vanguard Group Inc. grew its holdings in Crown Crafts by 10.0% during the 2nd quarter. Vanguard Group Inc. now owns 246,239 shares of the textile maker’s stock valued at $1,830,000 after buying an additional 22,318 shares in the last quarter. 39.73% of the stock is owned by institutional investors and hedge funds.

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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