Geode Capital Management LLC Grows Holdings in Crown Crafts, Inc. (NASDAQ:CRWS)

Geode Capital Management LLC boosted its position in Crown Crafts, Inc. (NASDAQ:CRWS) by 11.8% in the third quarter, HoldingsChannel reports. The firm owned 94,480 shares of the textile maker’s stock after buying an additional 9,988 shares during the quarter. Geode Capital Management LLC’s holdings in Crown Crafts were worth $454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cannon Financial Strategists Inc. purchased a new position in shares of Crown Crafts in the 2nd quarter worth approximately $103,000. Lakewood Asset Management LLC boosted its position in Crown Crafts by 9.2% in the third 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 during the last quarter. Diamond Hill Capital Management Inc. grew its stake in Crown Crafts by 11.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 87,000 shares of the textile maker’s stock valued at $455,000 after purchasing an additional 9,000 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Crown Crafts by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 242,640 shares of the textile maker’s stock valued at $1,269,000 after purchasing an additional 3,596 shares during the last quarter. Finally, De Lisle Partners LLP raised its stake in shares of Crown Crafts by 41.2% during the 3rd quarter. De Lisle Partners LLP now owns 396,326 shares of the textile maker’s stock worth $1,901,000 after purchasing an additional 115,696 shares during the period. Hedge funds and other institutional investors own 30.23% of the company’s stock.

Crown Crafts Price Performance

Shares of NASDAQ:CRWS opened at $4.47 on Monday. Crown Crafts, Inc. has a fifty-two week low of $4.21 and a fifty-two week high of $5.97. The company’s 50-day moving average is $4.52 and its 200 day moving average is $4.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.51 and a current ratio of 3.32. The company has a market capitalization of $46.46 million, a P/E ratio of 13.97 and a beta of 0.84.

Crown Crafts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date was Friday, December 13th. Crown Crafts’s dividend payout ratio is currently 100.00%.

Crown Crafts Company 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.