Crown Crafts, Inc. (NASDAQ:CRWS – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 15,500 shares, a growth of 115.3% from the November 30th total of 7,200 shares. Based on an average daily trading volume, of 18,400 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are sold short.
Institutional Investors Weigh In On Crown Crafts
Large investors have recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. lifted 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 buying an additional 9,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Crown Crafts by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock valued at $1,269,000 after acquiring an additional 3,596 shares during the period. Cannon Financial Strategists Inc. bought a new position in Crown Crafts during the second quarter worth $103,000. Lakewood Asset Management LLC grew its holdings in Crown Crafts by 9.2% in the third quarter. Lakewood Asset Management LLC now owns 27,375 shares of the textile maker’s stock worth $131,000 after purchasing an additional 2,300 shares during the period. Finally, De Lisle Partners LLP increased its stake in Crown Crafts by 41.2% in the third quarter. De Lisle Partners LLP now owns 396,326 shares of the textile maker’s stock valued at $1,901,000 after purchasing an additional 115,696 shares in the last quarter. Institutional investors and hedge funds own 30.23% of the company’s stock.
Crown Crafts Trading Up 0.4 %
CRWS stock traded up $0.02 during midday trading on Friday, hitting $4.51. The stock had a trading volume of 18,761 shares, compared to its average volume of 17,266. The company has a current ratio of 3.32, a quick ratio of 1.51 and a debt-to-equity ratio of 0.37. The firm has a market cap of $46.88 million, a P/E ratio of 14.09 and a beta of 0.84. The business has a fifty day moving average price of $4.56 and a two-hundred day moving average price of $4.75. Crown Crafts has a 1-year low of $4.21 and a 1-year high of $5.97.
Crown Crafts Dividend Announcement
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.
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