Northern Trust Corp Buys 17,330 Shares of Crown Crafts, Inc. (NASDAQ:CRWS)

Northern Trust Corp grew its stake in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 55.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 48,518 shares of the textile maker’s stock after buying an additional 17,330 shares during the period. Northern Trust Corp owned approximately 0.47% of Crown Crafts worth $218,000 as of its most recent filing with the SEC.

Separately, Diamond Hill Capital Management Inc. increased its stake in Crown Crafts by 22.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 106,887 shares of the textile maker’s stock valued at $479,000 after acquiring an additional 19,887 shares during the period. 30.23% of the stock is currently owned by hedge funds and other institutional investors.

Crown Crafts Trading Down 2.5%

Crown Crafts stock opened at $3.15 on Tuesday. The business has a 50 day moving average price of $3.15 and a two-hundred day moving average price of $3.93. The company has a quick ratio of 1.60, a current ratio of 3.36 and a debt-to-equity ratio of 0.37. Crown Crafts, Inc. has a 12 month low of $2.80 and a 12 month high of $5.35. The stock has a market cap of $32.74 million, a price-to-earnings ratio of 13.13 and a beta of 0.88.

Crown Crafts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.16%. The ex-dividend date is Friday, June 13th. Crown Crafts’s dividend payout ratio is presently 133.33%.

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.