North Star Investment Management Corp. Sells 161,495 Shares of Crown Crafts, Inc. $CRWS

North Star Investment Management Corp. decreased its holdings in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 47.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,463 shares of the textile maker’s stock after selling 161,495 shares during the period. North Star Investment Management Corp. owned 1.66% of Crown Crafts worth $504,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. increased its stake in shares of Crown Crafts by 5.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 112,202 shares of the textile maker’s stock valued at $408,000 after acquiring an additional 5,315 shares in the last quarter. Bailard Inc. bought a new stake in Crown Crafts in the first quarter valued at $57,000. Finally, Northern Trust Corp raised its holdings in shares of Crown Crafts by 55.6% during the fourth quarter. Northern Trust Corp now owns 48,518 shares of the textile maker’s stock valued at $218,000 after purchasing an additional 17,330 shares during the period. Institutional investors and hedge funds own 30.23% of the company’s stock.

Crown Crafts Stock Up 0.3%

Shares of NASDAQ:CRWS opened at $2.89 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.11 and a current ratio of 2.88. Crown Crafts, Inc. has a 52-week low of $2.76 and a 52-week high of $4.96. The business’s 50 day simple moving average is $2.93 and its two-hundred day simple moving average is $3.09. The firm has a market cap of $30.52 million, a P/E ratio of -2.98 and a beta of 0.80.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings data on Wednesday, August 13th. The textile maker reported ($0.10) earnings per share for the quarter. Crown Crafts had a negative net margin of 11.72% and a positive return on equity of 1.85%. The business had revenue of $15.48 million during the quarter.

Crown Crafts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Friday, September 12th. Crown Crafts’s payout ratio is presently -32.99%.

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; 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.