Zenon S. Nie buys 8,085 shares of Crown Crafts, Inc. (NASDAQ:CRWS)

Crown Crafts, Inc. (NASDAQ:CRWS – Get Your Free Report ) Director Zenon S. Nie bought 8,085 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $4.60 per share, for a total transaction of $37,191.00. Following the completion of the transaction, the director now directly owns 63,306 shares in the company, valued at $291,207.60. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC’s website.

Crown Crafts price performance

Shares of CRWS stock opened at $4.76 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.13, and a quick ratio of 1.74. Crown Crafts, Inc. has a 1 year low of $4.11 and a 1 year high of $5.97. The stock has a market cap of $49.08 million, a PE ratio of 9.71 and a beta of 0.82. The firm has a fifty day moving average price of $4.91 and a 200 day moving average price of $5.16.

Crown Crafts (NASDAQ:CRWS – Get Your Free Report ) last released its earnings results on Friday, June 28th. The textile maker reported $0.10 EPS for the quarter. The business had revenue of $22.58 million for the quarter. Crown Crafts had a return on equity of 9.77% and a net margin of 5.58%.

Crown Crafts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a $0.08 dividend. This represents an annualized dividend of $0.32 and a dividend yield of 6.72%. The ex-dividend date of this dividend is Friday, September 13. Crown Crafts’s payout ratio is currently 65.31%.

Hedge funds influence crown crafts

A number of hedge funds have recently modified their holdings of CRWS. Dimensional Fund Advisors LP grew its position in Crown Crafts by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock worth $1,269,000 after buying an additional 3,596 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in Crown Crafts by 11.5% in the second 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 during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Crown Crafts by 8.0% in the first quarter. Empowered Funds LLC now owns 37,922 shares of the textile maker’s stock valued at $193,000 after purchasing an additional 2,800 shares in the last quarter. 30.23% of the shares are currently held by hedge funds and other institutional investors.

About crown crafts

(Get a free report)

Crown Crafts, Inc., through its subsidiaries, operates in the consumer products industry in the United States and internationally. Offers infant, toddler and toddler products, including infant and toddler bedding; blankets and swaddle blankets; dolls and stuffed toys; nursery and toddler accessories; room decor; reusable and disposable bibs; burp cloths; bath towels and hooded bath towels; reusable and disposable mats and mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care products; and other soft products for infants, toddlers and juveniles.

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