Crown Crafts, Inc. (NASDAQ:CRWS) Short Interest Up 77.8% in August

Crown Crafts, Inc. (NASDAQ:CRWS) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 30,017 shares, a growth of 77.8% from the August 15th total of 16,886 shares. Based on an average daily trading volume, of 107,309 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cibc World Market Inc. purchased a new position in shares of Crown Crafts during the 2nd quarter valued at about $28,000. GSA Capital Partners LLP bought a new stake in Crown Crafts during the 2nd quarter valued at $34,000. Weinberger Asset Management Inc purchased a new stake in Crown Crafts during the 4th quarter valued at $61,000. Deutsche Bank AG bought a new stake in Crown Crafts in the 2nd quarter worth $82,000. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of Crown Crafts in the second quarter valued at about $88,000. Institutional investors own 30.23% of the company’s stock.

Crown Crafts Price Performance

Shares of Crown Crafts stock traded up $0.01 on Thursday, reaching $2.56. The stock had a trading volume of 7,299 shares, compared to its average volume of 50,572. The business’s 50 day moving average is $2.89 and its two-hundred day moving average is $2.82. The company has a current ratio of 3.20, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. Crown Crafts has a 1 year low of $2.35 and a 1 year high of $3.14. The company has a market cap of $27.49 million, a P/E ratio of 5.44 and a beta of 0.63.

Crown Crafts (NASDAQ:CRWS) last posted its earnings results on Wednesday, August 12th. The textile maker reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Crown Crafts had a net margin of 5.99% and a return on equity of 12.79%. The business had revenue of $16.77 million for the quarter, compared to analyst estimates of $20.90 million.

Crown Crafts Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.12 annualized dividend and a dividend yield of 4.7%. Crown Crafts’s payout ratio is presently 25.53%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Crown Crafts to a “strong-buy” rating in a research note on Saturday, August 29th. Weiss Ratings upgraded shares of Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Crown Crafts presently has an average rating of “Hold”.

About Crown Crafts

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.