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

Crown Crafts, Inc. (NASDAQ:CRWS) Director Donald Ratajczak acquired 10,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was 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 in the company, valued at approximately $855,747.75. This represents a 3.32% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Crown Crafts Trading Down 0.7%

NASDAQ:CRWS opened at $2.70 on Thursday. The company has a 50-day moving average price of $2.86 and a 200-day moving average price of $2.96. The stock has a market cap of $28.90 million, a price-to-earnings ratio of -2.78 and a beta of 0.81. The company has a current ratio of 2.88, a quick ratio of 1.11 and a debt-to-equity ratio of 0.31. Crown Crafts, Inc. has a 12 month low of $2.35 and a 12 month high of $4.69.

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

Crown Crafts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.32 annualized dividend and a dividend yield of 11.9%. Crown Crafts’s dividend payout ratio is currently -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 analyst has rated the stock with a Sell rating, According to data from MarketBeat, Crown Crafts presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Crown Crafts

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bailard Inc. bought a new position in shares of Crown Crafts during the first quarter valued at approximately $57,000. Beacon Pointe Advisors LLC boosted its position in shares of Crown Crafts by 72.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker’s stock worth $67,000 after purchasing an additional 9,802 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Crown Crafts by 5.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 112,202 shares of the textile maker’s stock worth $408,000 after buying an additional 5,315 shares during the last quarter. Bridgeway Capital Management LLC increased its position in Crown Crafts by 3.0% during the 3rd quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock valued at $373,000 after buying an additional 3,688 shares in the last quarter. Finally, Synovus Financial Corp increased its position in Crown Crafts by 7.5% during the 3rd quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker’s stock valued at $876,000 after buying an additional 21,122 shares in the last quarter. Hedge funds and other institutional investors own 30.23% of the company’s stock.

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.