411,326 Shares in Crown Crafts, Inc. $CRWS Purchased by De Lisle Partners LLP

De Lisle Partners LLP bought a new stake in Crown Crafts, Inc. (NASDAQ:CRWS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 411,326 shares of the textile maker’s stock, valued at approximately $1,178,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Crown Crafts during the 2nd quarter worth approximately $1,896,838,000. Renaissance Technologies LLC increased its stake in shares of Crown Crafts by 7.9% in the first quarter. Renaissance Technologies LLC now owns 257,342 shares of the textile maker’s stock worth $663,000 after acquiring an additional 18,800 shares during the period. LPL Financial LLC acquired a new stake in shares of Crown Crafts in the fourth quarter worth $477,000. Deutsche Bank AG purchased a new position in shares of Crown Crafts during the second quarter worth $18,742,000. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Crown Crafts by 3.0% during the third quarter. Bridgeway Capital Management LLC now owns 128,120 shares of the textile maker’s stock worth $373,000 after purchasing an additional 3,688 shares during the last quarter. Institutional investors and hedge funds own 30.23% of the company’s stock.

Crown Crafts Price Performance

NASDAQ:CRWS opened at $2.96 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.20 and a quick ratio of 1.40. The company has a 50 day moving average price of $2.93 and a 200-day moving average price of $2.85. Crown Crafts, Inc. has a 1-year low of $2.35 and a 1-year high of $3.17. The firm has a market cap of $31.85 million, a price-to-earnings ratio of 6.30 and a beta of 0.64.

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

Crown Crafts Cuts Dividend

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

Analysts Set New Price Targets

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