Crown Crafts (NASDAQ:CRWS) Director Acquires $27,500.00 in Stock

by · The Cerbat Gem

Crown Crafts, Inc. (NASDAQ:CRWS – Get Free Report) Director Donald Ratajczak purchased 10,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were bought at an average price of $2.75 per share, with a total value of $27,500.00. Following the completion of the acquisition, the director directly owned 311,181 shares of the company’s stock, valued at approximately $855,747.75. This represents a 3.32% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Crown Crafts Price Performance

Shares of NASDAQ CRWS traded down $0.05 during mid-day trading on Monday, hitting $2.73. 172,810 shares of the stock traded hands, compared to its average volume of 30,512. The company has a market cap of $29.22 million, a PE ratio of -2.81 and a beta of 0.81. Crown Crafts, Inc. has a twelve month low of $2.35 and a twelve month high of $4.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.88 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $2.88 and a two-hundred day simple moving average of $2.96.

Crown Crafts (NASDAQ:CRWS – Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The textile maker reported $0.11 EPS for the quarter. The firm had revenue of $23.70 million for the quarter. Crown Crafts had a positive return on equity of 1.85% and a negative net margin of 11.72%.

Crown Crafts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 11.7%. The ex-dividend date is Friday, December 12th. Crown Crafts’s dividend payout ratio is -34.04%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Crown Crafts in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Crown Crafts currently has an average rating of “Sell”.

View Our Latest Stock Report on Crown Crafts

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CRWS. Bridgeway Capital Management LLC increased its stake in Crown Crafts by 3.0% during the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock worth $373,000 after acquiring an additional 3,688 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Crown Crafts by 5.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 112,202 shares of the textile maker’s stock valued at $408,000 after buying an additional 5,315 shares in the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of Crown Crafts by 72.3% during the second quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker’s stock valued at $67,000 after acquiring an additional 9,802 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Crown Crafts in the 1st quarter worth $57,000. Finally, Synovus Financial Corp lifted its stake in Crown Crafts by 7.5% in the third quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock worth $876,000 after acquiring an additional 21,122 shares during the period. Hedge funds and other institutional investors own 30.23% of the company’s stock.

Crown Crafts Company Profile

(Get Free Report)

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.

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