Dalton Greiner Hartman Maher & Co. bought a new position in shares of Crown Crafts, Inc. (NASDAQ:CRWS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 49,200 shares of the textile maker’s stock, valued at approximately $308,000. Dalton Greiner Hartman Maher & Co. owned about 0.49% of Crown Crafts at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. North Star Investment Management Corp. boosted its holdings in shares of Crown Crafts by 1.1% during the 3rd quarter. North Star Investment Management Corp. now owns 990,087 shares of the textile maker’s stock worth $6,188,000 after purchasing an additional 10,581 shares during the last quarter. River & Mercantile Asset Management LLP acquired a new position in shares of Crown Crafts during the 2nd quarter worth approximately $269,000. BlackRock Inc. boosted its holdings in shares of Crown Crafts by 15.1% during the 2nd quarter. BlackRock Inc. now owns 35,440 shares of the textile maker’s stock worth $167,000 after purchasing an additional 4,643 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV boosted its holdings in shares of Crown Crafts by 56.9% during the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 20,825 shares of the textile maker’s stock worth $98,000 after purchasing an additional 7,550 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of Crown Crafts during the 2nd quarter worth approximately $441,000. Institutional investors and hedge funds own 33.59% of the company’s stock.
Several brokerages have recently weighed in on CRWS. Zacks Investment Research upgraded Crown Crafts from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Friday. ValuEngine upgraded Crown Crafts from a “strong sell” rating to a “sell” rating in a report on Monday, September 30th.
Crown Crafts (NASDAQ:CRWS) last issued its earnings results on Wednesday, August 14th. The textile maker reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The business had revenue of $15.94 million for the quarter, compared to analysts’ expectations of $15.60 million. Crown Crafts had a return on equity of 13.54% and a net margin of 7.59%. As a group, research analysts expect that Crown Crafts, Inc. will post 0.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.89%. The ex-dividend date was Thursday, September 12th. Crown Crafts’s payout ratio is presently 64.00%.
In other news, insider Nanci Freeman sold 15,000 shares of Crown Crafts stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $5.18, for a total transaction of $77,700.00. Following the sale, the insider now owns 157,030 shares of the company’s stock, valued at approximately $813,415.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 12.63% of the stock is currently owned by insiders.
About Crown Crafts
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; 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.
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