( ) saw a notable increase in short interest during the month of April. On April 30, there were 21,800 shorted shares. This is a 14.1% increase from April 15th's total of 19,100. At the moment, only 0.2% of shares in the company are short. The short-interest rate is 2.1 days based on an average daily share volume of 10,300.
Inflows of Institutional Capital and Outflows
Recently, institutional investors increased or decreased their stakes. Lakewood Asset Management LLC purchased shares of Crown Crafts in the fourth quarter for approximately $118,000. Legato Capital Management LLC purchased a new Crown Crafts stake valued at $133,000 during the fourth quarter. Royal Bank of Canada increased its Crown Crafts holdings by 9.3% in the third quarter. Royal Bank of Canada owns now 28,649 shares of textile maker's stocks worth $165,000, after purchasing an additional 2,449 during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Crown Crafts shares by 53.7% during the third quarter. Diamond Hill Capital Management Inc. owns 35149 shares worth $203,000 of the textile manufacturer's stock after purchasing an additional 12,273 in the last quarter. Geode Capital Management LLC increased its holdings in Crown Crafts shares by 4.6% during the fourth quarter. Geode Capital Management LLC owns 43 604 shares of Crown Crafts' stock, valued at $232,000, after purchasing 1,924 additional shares during the last quarter. Trading on Friday saw a decline of $0.04, bringing the price to $5.13. Stock of the company traded 11,514 shares compared to an average of 12,418. The company has a market cap of $51,89 million. Its P/E is 7.22, and its beta is 0.74. Crown Crafts's twelve-month low is $5.10, and its twelve-month high is $6.70. The fifty-day moving price of the stock is $5.62, and its 200 day moving price is $6.66.
The last time the company released earnings was on February 15th. The textile manufacturer reported $0.13 in earnings per share for the third quarter. Revenue for the quarter was $19.00 million. Crown Crafts' net margin was 9.17%, and its return on equity was 15.31%.
Crown Crafts Dividend announcement
A quarterly dividend was also announced by the company and paid out on Friday, 7th April. Investors who had their records on the 17th of March were paid a dividend of $0.08. On an annualized basis, this represents a $0.32 yield and a dividend of $0.32. This dividend became payable on Thursday, 16th March. Crown Crafts has a payout ratio of 45.07%.
Crown Crafts, Inc. is a company that designs, markets, and distributes infant, toddler, & juvenile products. The company also provides infant and toddler bedding and blankets as well as nursery and toddler decor, disposable and reusable bibs and burpcloths, Hooded Bath Towels and Wash Cloths, feeding and care products, and development toys.
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