Crown Crafts, Inc. (NASDAQ:CRWS) Stock Position Reduced by Skylands Capital LLC

Skylands Capital LLC lowered its stake in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 16.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,342 shares of the textile maker’s stock after selling 35,014 shares during the quarter. Skylands Capital LLC owned approximately 1.66% of Crown Crafts worth $774,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. De Lisle Partners LLP lifted its holdings in shares of 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 buying an additional 115,696 shares during the period. Geode Capital Management LLC increased its stake in Crown Crafts by 11.8% in the 3rd quarter. Geode Capital Management LLC now owns 94,480 shares of the textile maker’s stock valued at $454,000 after buying an additional 9,988 shares during the period. Finally, Synovus Financial Corp increased its holdings in Crown Crafts by 14.7% in the third quarter. Synovus Financial Corp now owns 278,113 shares of the textile maker’s stock worth $1,335,000 after buying an additional 35,565 shares during the last quarter. 30.23% of the stock is currently owned by institutional investors.

Crown Crafts Stock Performance

Shares of Crown Crafts stock opened at $4.18 on Monday. The company’s fifty day simple moving average is $4.46 and its 200-day simple moving average is $4.61. Crown Crafts, Inc. has a 1 year low of $4.16 and a 1 year high of $5.79. The company has a current ratio of 3.36, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a market cap of $43.45 million, a price-to-earnings ratio of 17.42 and a beta of 0.84.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings results on Wednesday, February 12th. The textile maker reported $0.09 EPS for the quarter. Crown Crafts had a net margin of 2.81% and a return on equity of 5.99%.

Crown Crafts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend is Friday, March 14th. Crown Crafts’s dividend payout ratio is currently 133.33%.

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.