Crown Crafts (NASDAQ:CRWS) Stock Crosses Above 200-Day Moving Average of $5.06

Crown Crafts, Inc. (NASDAQ:CRWS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.06 and traded as high as $5.10. Crown Crafts shares last traded at $5.05, with a volume of 5,767 shares changing hands.

Crown Crafts Stock Performance

The firm has a market capitalization of $51.71 million, a price-to-earnings ratio of 10.74 and a beta of 0.78. The company has a 50-day moving average of $5.30 and a 200-day moving average of $5.06. The company has a current ratio of 4.13, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20.

Crown Crafts (NASDAQ:CRWS) last issued its earnings results on Wednesday, February 14th. The textile maker reported $0.17 earnings per share for the quarter. Crown Crafts had a net margin of 5.44% and a return on equity of 10.02%. The company had revenue of $23.80 million for the quarter.

Crown Crafts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 6.34%. Crown Crafts’s payout ratio is currently 68.09%.

Institutional Trading of Crown Crafts

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Perritt Capital Management Inc. increased its position in Crown Crafts by 33.3% in the third quarter. Perritt Capital Management Inc. now owns 30,000 shares of the textile maker’s stock worth $141,000 after buying an additional 7,500 shares during the period. Empowered Funds LLC increased its holdings in shares of Crown Crafts by 8.0% in the 1st quarter. Empowered Funds LLC now owns 37,922 shares of the textile maker’s stock worth $193,000 after acquiring an additional 2,800 shares during the period. Diamond Hill Capital Management Inc. lifted its position in Crown Crafts by 36.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 48,000 shares of the textile maker’s stock valued at $226,000 after purchasing an additional 12,851 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its stake in Crown Crafts by 5.0% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 84,800 shares of the textile maker’s stock valued at $399,000 after purchasing an additional 4,000 shares during the period. Finally, Synovus Financial Corp grew its position in Crown Crafts by 27.6% in the 3rd quarter. Synovus Financial Corp now owns 241,220 shares of the textile maker’s stock worth $1,136,000 after purchasing an additional 52,151 shares during the last quarter. 30.23% of the stock is currently owned by institutional investors and hedge funds.

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.