Essex Investment Management Co. LLC Purchases Shares of 30,318 Crown Crafts, Inc. (CRWS)

Essex Investment Management Co. LLC purchased a new stake in Crown Crafts, Inc. (NASDAQ:CRWS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 30,318 shares of the textile maker’s stock, valued at approximately $164,000.

Separately, Renaissance Technologies LLC boosted its position in Crown Crafts by 17.2% in the second quarter. Renaissance Technologies LLC now owns 356,440 shares of the textile maker’s stock valued at $2,032,000 after buying an additional 52,340 shares in the last quarter. 37.83% of the stock is owned by hedge funds and other institutional investors.

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CRWS has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on shares of Crown Crafts in a research report on Thursday, November 29th. They issued a “neutral” rating and a $6.50 price target on the stock. ValuEngine lowered shares of Crown Crafts from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th.

Shares of CRWS stock opened at $5.66 on Friday. Crown Crafts, Inc. has a 1 year low of $5.00 and a 1 year high of $6.60. The company has a market cap of $55.88 million, a PE ratio of 9.86 and a beta of 0.69. The company has a current ratio of 3.46, a quick ratio of 1.48 and a debt-to-equity ratio of 0.05.

Crown Crafts (NASDAQ:CRWS) last announced its earnings results on Thursday, February 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.15. Crown Crafts had a net margin of 6.30% and a return on equity of 14.27%. The company had revenue of $18.67 million for the quarter, compared to analyst estimates of $19.70 million. Research analysts predict that Crown Crafts, Inc. will post 0.53 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.65%. Crown Crafts’s payout ratio is 59.26%.

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About Crown Crafts

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; 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.

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