Bard Associates Inc. Sells 16,505 Shares of Crown Crafts, Inc. (NASDAQ:CRWS)

Bard Associates Inc. trimmed its position in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 146,242 shares of the textile maker’s stock after selling 16,505 shares during the quarter. Bard Associates Inc.’s holdings in Crown Crafts were worth $713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Crown Crafts by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock worth $1,269,000 after buying an additional 3,596 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in 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. Empowered Funds LLC boosted its stake in shares of Crown Crafts by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,922 shares of the textile maker’s stock worth $193,000 after acquiring an additional 2,800 shares during the last quarter. Lakewood Asset Management LLC increased its stake 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 worth $131,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Cannon Financial Strategists Inc. lifted its position in Crown Crafts by 16.7% during the third quarter. Cannon Financial Strategists Inc. now owns 22,940 shares of the textile maker’s stock valued at $114,000 after purchasing an additional 3,278 shares in the last quarter. 30.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Zenon S. Nie acquired 11,915 shares of the business’s stock in a transaction on Monday, September 9th. The shares were acquired at an average price of $4.74 per share, for a total transaction of $56,477.10. Following the completion of the transaction, the director now directly owns 80,294 shares of the company’s stock, valued at approximately $380,593.56. The trade was a 17.42 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.90% of the company’s stock.

Crown Crafts Stock Performance

CRWS opened at $4.54 on Friday. Crown Crafts, Inc. has a 1-year low of $4.21 and a 1-year high of $5.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.32 and a quick ratio of 1.46. The firm has a market cap of $47.17 million, a P/E ratio of 14.19 and a beta of 0.85. The company has a 50 day simple moving average of $4.72 and a two-hundred day simple moving average of $4.88.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.03) EPS for the quarter. Crown Crafts had a return on equity of 7.57% and a net margin of 3.73%. The business had revenue of $16.21 million during the quarter.

Crown Crafts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.32 annualized dividend and a dividend yield of 7.05%. Crown Crafts’s dividend payout ratio (DPR) is 100.00%.

Crown Crafts 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.