Key Points
- Director Donald Ratajczak purchased 10,000 shares at $2.75 each totaling $27,500, increasing his stake to 311,181 shares (a 3.32% rise) and the transaction was disclosed in an SEC filing.
- Crown Crafts declared a quarterly dividend of $0.08 (annualized $0.32), implying a 11.7% yield with an ex-dividend date of Dec. 12 and payment on Jan. 2, while the company shows a dividend payout ratio of -34.04%.
Crown Crafts, Inc. (NASDAQ:CRWS - Get Free Report) Director Donald Ratajczak bought 10,000 shares of the firm's stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of $2.75 per share, with a total value of $27,500.00. Following the acquisition, the director directly owned 311,181 shares in the company, valued at approximately $855,747.75. This trade represents a 3.32% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Crown Crafts Trading Down 1.8%
NASDAQ CRWS opened at $2.73 on Tuesday. The firm has a market capitalization of $29.22 million, a price-to-earnings ratio of -2.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.11 and a current ratio of 2.88. Crown Crafts, Inc. has a one year low of $2.35 and a one year high of $4.69. The company's 50 day moving average price is $2.88 and its 200 day moving average price is $2.96.
Crown Crafts (NASDAQ:CRWS - Get Free Report) last released its quarterly earnings data 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 during the quarter.
Crown Crafts Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 11.7%. The ex-dividend date is Friday, December 12th. Crown Crafts's dividend payout ratio is currently -34.04%.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Crown Crafts in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Crown Crafts has an average rating of "Sell".
Get Our Latest Report on CRWS
Institutional Investors Weigh In On Crown Crafts
A number of large investors have recently added to or reduced their stakes in the company. Bailard Inc. purchased a new stake in Crown Crafts during the 1st quarter worth $57,000. Diamond Hill Capital Management Inc. grew its stake in shares of Crown Crafts by 5.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 112,202 shares of the textile maker's stock valued at $408,000 after acquiring an additional 5,315 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of Crown Crafts by 3.0% during the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker's stock worth $373,000 after acquiring an additional 3,688 shares during the last quarter. Synovus Financial Corp increased its position in shares of Crown Crafts by 7.5% during the third quarter. Synovus Financial Corp now owns 300,918 shares of the textile maker's stock worth $876,000 after acquiring an additional 21,122 shares during the last quarter. Finally, Beacon Pointe Advisors LLC lifted its stake in shares of Crown Crafts by 72.3% in the second quarter. Beacon Pointe Advisors LLC now owns 23,365 shares of the textile maker's stock worth $67,000 after acquiring an additional 9,802 shares in the last quarter. 30.23% of the stock is owned by institutional investors and hedge funds.
About Crown Crafts
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
