Cannon Financial Strategists Inc. Sells 6,562 Shares of Crown Crafts, Inc. (NASDAQ:CRWS)

Cannon Financial Strategists Inc. reduced its position in Crown Crafts, Inc. (NASDAQ:CRWS) by 33.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,100 shares of the textile maker’s stock after selling 6,562 shares during the period. Cannon Financial Strategists Inc.’s holdings in Crown Crafts were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CRWS. Lakewood Asset Management LLC raised its position in shares of Crown Crafts by 9.2% in the 3rd quarter. Lakewood Asset Management LLC now owns 27,375 shares of the textile maker’s stock valued at $131,000 after purchasing an additional 2,300 shares during the last quarter. Empowered Funds LLC raised its position 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. Dimensional Fund Advisors LP raised its position in shares of Crown Crafts by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock valued at $1,269,000 after purchasing an additional 3,596 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in shares of Crown Crafts by 11.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 87,000 shares of the textile maker’s stock valued at $455,000 after purchasing an additional 9,000 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 traded down $0.03 during midday trading on Monday, hitting $4.87. The company had a trading volume of 1,715 shares, compared to its average volume of 16,513. The stock has a market cap of $50.21 million, a price-to-earnings ratio of 9.99 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. The company has a fifty day simple moving average of $4.78 and a 200 day simple moving average of $4.96. Crown Crafts, Inc. has a 12-month low of $4.11 and a 12-month high of $5.97.

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

Crown Crafts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date was Friday, September 13th. Crown Crafts’s dividend payout ratio is presently 65.31%.

Insiders Place Their Bets

In other Crown Crafts news, Director Zenon S. Nie purchased 11,915 shares of Crown Crafts stock in a transaction on Monday, September 9th. The stock was bought at an average cost of $4.74 per share, with a total value of $56,477.10. Following the transaction, the director now owns 80,294 shares of the company’s stock, valued at $380,593.56. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Zenon S. Nie bought 11,915 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was purchased at an average cost of $4.74 per share, with a total value of $56,477.10. Following the acquisition, the director now directly owns 80,294 shares in the company, valued at $380,593.56. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Zenon S. Nie bought 8,085 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average cost of $4.60 per share, with a total value of $37,191.00. Following the completion of the acquisition, the director now owns 63,306 shares in the company, valued at approximately $291,207.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 30,661 shares of company stock valued at $143,881. 9.90% of the stock is 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; 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.