Skylands Capital LLC Lowers Stock Position in Crown Crafts, Inc. (NASDAQ:CRWS)

Skylands Capital LLC lessened its holdings in Crown Crafts, Inc. (NASDAQ:CRWS) by 16.9% in the fourth quarter, according to its most recent 13F 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’s holdings in Crown Crafts were worth $774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the stock. De Lisle Partners LLP grew its position 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 purchasing an additional 115,696 shares in the last quarter. Synovus Financial Corp lifted its position in Crown Crafts by 14.7% in the 3rd 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. Finally, Geode Capital Management LLC grew its holdings in shares of Crown Crafts by 11.8% during the 3rd quarter. Geode Capital Management LLC now owns 94,480 shares of the textile maker’s stock valued at $454,000 after purchasing an additional 9,988 shares during the last quarter. Hedge funds and other institutional investors own 30.23% of the company’s stock.

Crown Crafts Stock Performance

Crown Crafts stock opened at $4.18 on Monday. The firm has a market cap of $43.45 million, a P/E ratio of 17.42 and a beta of 0.84. The firm has a 50-day moving average of $4.46 and a 200-day moving average of $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.

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

Crown Crafts Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 7.66%. Crown Crafts’s payout ratio is 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.