Jupiter Topco LLC Makes New Investment in Crown Crafts, Inc. $CRWS

Jupiter Topco LLC acquired a new position in shares of Crown Crafts, Inc. (NASDAQ:CRWS) during the 2nd quarter, Holdings Channel reports. The fund acquired 1,264,157 shares of the textile maker’s stock, valued at approximately $141,362,000. Jupiter Topco LLC owned 0.12% of Crown Crafts at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Cibc World Market Inc. purchased a new stake in shares of Crown Crafts during the 2nd quarter valued at $28,000. Mariner LLC purchased a new stake in shares of Crown Crafts during the 4th quarter valued at about $28,000. XTX Topco Ltd acquired a new position in shares of Crown Crafts during the fourth quarter worth $32,000. GSA Capital Partners LLP acquired a new position in Crown Crafts in the 2nd quarter worth $34,000. Finally, HB Wealth Management LLC acquired a new position in shares of Crown Crafts in the fourth quarter worth about $41,000. 30.23% of the stock is currently owned by hedge funds and other institutional investors.

Crown Crafts Stock Up 0.3%

Shares of Crown Crafts stock opened at $2.94 on Thursday. The business has a 50-day moving average price of $2.94 and a 200 day moving average price of $2.85. Crown Crafts, Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $3.17. The firm has a market cap of $31.63 million, a P/E ratio of 6.26 and a beta of 0.64. The company has a quick ratio of 1.40, a current ratio of 3.20 and a debt-to-equity ratio of 0.19.

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

Crown Crafts Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, September 11th. This represents a $0.12 annualized dividend and a yield of 4.1%. Crown Crafts’s dividend payout ratio (DPR) is 68.09%.

Wall Street Analysts Forecast Growth

Separately, 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 analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Crown Crafts 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.