Crown Crafts, Inc. (NASDAQ:CRWS) Shares Bought by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. grew its holdings in Crown Crafts, Inc. (NASDAQ:CRWS) by 11.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,000 shares of the textile maker’s stock after purchasing an additional 9,000 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.84% of Crown Crafts worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Empowered Funds LLC lifted its stake in shares of Crown Crafts by 8.0% in the 1st 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 during the last quarter. Institutional investors own 30.23% of the company’s stock.

Crown Crafts Stock Performance

Shares of Crown Crafts stock opened at $4.72 on Monday. Crown Crafts, Inc. has a 52 week low of $4.11 and a 52 week high of $5.97. The business’s fifty day simple moving average is $4.83 and its 200-day simple moving average is $5.07. The firm has a market cap of $48.67 million, a PE ratio of 9.63 and a beta of 0.85. The company has a quick ratio of 1.46, a current ratio of 3.89 and a debt-to-equity ratio of 0.03.

Crown Crafts (NASDAQ:CRWS) last announced its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.03) EPS for the quarter. Crown Crafts had a net margin of 4.85% and a return on equity of 8.30%. The business had revenue of $16.21 million during the quarter.

Crown Crafts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend is Friday, September 13th. Crown Crafts’s dividend payout ratio (DPR) is presently 65.31%.

Insider Activity at Crown Crafts

In other news, Director Zenon S. Nie acquired 11,915 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average price of $4.74 per share, for a total transaction of $56,477.10. Following the acquisition, the director now owns 80,294 shares of the company’s stock, valued at $380,593.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Donald R. Ratajczak acquired 10,661 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of $4.71 per share, for a total transaction of $50,213.31. Following the acquisition, the director now owns 261,164 shares of the company’s stock, valued at $1,230,082.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Zenon S. Nie purchased 11,915 shares of the business’s stock in a transaction on Monday, September 9th. The shares were bought at an average price of $4.74 per share, for a total transaction of $56,477.10. Following the acquisition, the director now owns 80,294 shares in the company, valued at $380,593.56. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 30,661 shares of company stock worth $143,881. 9.90% of the stock is currently owned by company insiders.

Crown Crafts Company Profile

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.