De Lisle Partners LLP Boosts Stake in Crown Crafts, Inc. (NASDAQ:CRWS)

De Lisle Partners LLP increased its holdings in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 41.2% during the third quarter, HoldingsChannel reports. The firm owned 396,326 shares of the textile maker’s stock after buying an additional 115,696 shares during the period. De Lisle Partners LLP’s holdings in Crown Crafts were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CRWS. Cannon Financial Strategists Inc. purchased a new position in Crown Crafts in the 2nd quarter worth about $103,000. Lakewood Asset Management LLC grew its stake in shares of Crown Crafts by 9.2% in the third quarter. Lakewood Asset Management LLC now owns 27,375 shares of the textile maker’s stock worth $131,000 after acquiring an additional 2,300 shares during the period. Diamond Hill Capital Management Inc. grew its stake in shares of Crown Crafts by 11.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 87,000 shares of the textile maker’s stock worth $455,000 after acquiring an additional 9,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Crown Crafts by 1.5% during the second 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. 30.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Crown Crafts

In other Crown Crafts news, Director Zenon S. Nie purchased 11,915 shares of Crown Crafts stock in a transaction dated Monday, September 9th. The stock was purchased at an average price of $4.74 per share, with a total value of $56,477.10. Following the transaction, the director now directly owns 80,294 shares of the company’s stock, valued at $380,593.56. This trade represents a 17.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.90% of the stock is owned by company insiders.

Crown Crafts Trading Down 0.7 %

Shares of CRWS stock opened at $4.57 on Thursday. The company has a current ratio of 3.32, a quick ratio of 1.51 and a debt-to-equity ratio of 0.37. Crown Crafts, Inc. has a 12-month low of $4.21 and a 12-month high of $5.97. The stock has a market capitalization of $47.48 million, a P/E ratio of 14.28 and a beta of 0.85. The firm’s 50 day moving average is $4.69 and its 200 day moving average is $4.85.

Crown Crafts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 7.00%. The ex-dividend date is Friday, December 13th. Crown Crafts’s payout ratio is currently 100.00%.

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.