Jupiter Topco LLC Takes Position in Crown Crafts, Inc. $CRWS

Jupiter Topco LLC acquired a new position in shares of Crown Crafts, Inc. (NASDAQ:CRWS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,264,157 shares of the textile maker’s stock, valued at approximately $141,362,000. Jupiter Topco LLC owned approximately 11.75% of Crown Crafts at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cibc World Market Inc. acquired a new stake in shares of Crown Crafts during the 2nd quarter valued at approximately $28,000. Mariner LLC purchased a new position in Crown Crafts in the 4th quarter valued at approximately $28,000. XTX Topco Ltd purchased a new position in Crown Crafts in the 4th quarter valued at approximately $32,000. GSA Capital Partners LLP acquired a new position in Crown Crafts during the second quarter worth $34,000. Finally, HB Wealth Management LLC acquired a new position in Crown Crafts during the fourth quarter worth $41,000. 30.23% of the stock is owned by hedge funds and other institutional investors.

Crown Crafts Stock Up 0.3%

Shares of NASDAQ CRWS opened at $2.94 on Thursday. The firm’s 50-day moving average is $2.94 and its two-hundred day moving average is $2.85. The company has a market capitalization of $31.63 million, a PE ratio of 6.26 and a beta of 0.64. Crown Crafts, Inc. has a 12-month low of $2.35 and a 12-month high of $3.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.20 and a quick ratio of 1.40.

Crown Crafts (NASDAQ:CRWS) last issued its quarterly earnings data on Wednesday, August 12th. The textile maker reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Crown Crafts had a net margin of 5.99% and a return on equity of 12.79%. The business had revenue of $16.77 million during the quarter, compared to analysts’ expectations of $20.90 million.

Crown Crafts Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.12 annualized dividend and a yield of 4.1%. Crown Crafts’s payout ratio is presently 68.09%.

Analyst Ratings Changes

Separately, Weiss Ratings raised Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Crown Crafts

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.