Diamond Hill Capital Management Inc. Has $479,000 Holdings in Crown Crafts, Inc. (NASDAQ:CRWS)

Diamond Hill Capital Management Inc. lifted its stake in shares of Crown Crafts, Inc. (NASDAQ:CRWS) by 22.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,887 shares of the textile maker’s stock after purchasing an additional 19,887 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Crown Crafts were worth $479,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its position in Crown Crafts by 11.8% in the 3rd quarter. Geode Capital Management LLC now owns 94,480 shares of the textile maker’s stock worth $454,000 after purchasing an additional 9,988 shares during the last quarter. Synovus Financial Corp boosted its position in Crown Crafts by 14.7% in the 3rd quarter. Synovus Financial Corp now owns 278,113 shares of the textile maker’s stock valued at $1,335,000 after buying an additional 35,565 shares during the last quarter. Finally, De Lisle Partners LLP increased its stake in shares of Crown Crafts by 41.2% in the 3rd quarter. De Lisle Partners LLP now owns 396,326 shares of the textile maker’s stock valued at $1,901,000 after buying an additional 115,696 shares during the period. 30.23% of the stock is owned by institutional investors.

Crown Crafts Trading Down 1.3 %

CRWS stock opened at $3.83 on Friday. The business has a fifty day moving average of $4.31 and a 200-day moving average of $4.54. The company has a market cap of $39.81 million, a P/E ratio of 15.96 and a beta of 0.87. Crown Crafts, Inc. has a twelve month low of $3.83 and a twelve month high of $5.61. 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 (NASDAQ:CRWS) last announced its quarterly earnings data on Wednesday, February 12th. The textile maker reported $0.09 earnings per share for the quarter. Crown Crafts had a return on equity of 5.99% and a net margin of 2.81%.

Crown Crafts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 8.36%. Crown Crafts’s dividend payout ratio is currently 133.33%.

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.