Crown Crafts, Inc. (CRWS) To Go Ex-Dividend on June 11th

Crown Crafts, Inc. (NASDAQ:CRWS) declared a quarterly dividend on Tuesday, May 12th. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.08 per share by the textile maker on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Thursday, June 11th.

Crown Crafts has decreased its dividend by an average of 0.1%per year over the last three years.

Crown Crafts Trading Up 1.1%

Shares of Crown Crafts stock opened at $2.78 on Tuesday. Crown Crafts has a 1-year low of $2.35 and a 1-year high of $3.22. The stock has a market cap of $29.75 million, a P/E ratio of -3.12 and a beta of 0.65. The stock’s 50 day simple moving average is $2.74 and its 200-day simple moving average is $2.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.43 and a quick ratio of 1.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its position in shares of Crown Crafts by 7.8% during the fourth quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock worth $156,000 after buying an additional 4,078 shares during the period. XTX Topco Ltd purchased a new position in shares of Crown Crafts during the fourth quarter worth $32,000. Mariner LLC purchased a new position in shares of Crown Crafts during the fourth quarter worth $28,000. LPL Financial LLC purchased a new position in shares of Crown Crafts during the fourth quarter worth $477,000. Finally, Geode Capital Management LLC boosted its position in shares of Crown Crafts by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock worth $296,000 after buying an additional 5,717 shares during the period. 30.23% of the stock is currently owned by hedge funds and other institutional investors.

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.