Trading volume for Crown Crafts Inc was 23K on Wednesday. Overall, volume was up 79.45% over the stocks normal daily volume.
Short traders are feeling a little more bullish on shares of Crown Crafts Inc of late as implied by the decrease in short interest. The stock recorded a fall in short interest of -52.26% as of the latest report on October 13, 2017. Short shares decreased 13,350 over that timeframe. With short interest at 12,197 and short average daily volume at 8,777, days to cover is 1.0 and the percentage of shorted shares was 0.00% on October 13.
Here is a rundown on some insider market activity for Crown Crafts Inc (NASDAQ:CRWS). Kenneth C. Cowart, Director, Information Systems sold $3,175 worth of shares at an average price of $6.35 on August 25th. The Director, Information Systems now owns $46,095 of the stock per an SEC filing yesterday.
A few notable investment firms have updated their holdings. Wellington Management Group Llp grew its holdings by buying 44,100 shares an increase of 4.9% as of 09/30/2017. Wellington Management Group Llp controls 945,852 shares valued at $6,148,000. The value of the position overall is down by 1.2%. As of quarter end Morgan Stanley had acquired a total of 1,561 shares growing its holdings by 130.1%. The value in dollars went from $8,000 to $18,000 a change of 125.0% quarter to quarter.
As of the end of the quarter First Republic Investment Management, Inc. had sold 2,609 shares trimming its stake by 3.9%. The value of the total investment in Crown Crafts Inc decreased from $463,000 to $416,000 decreasing 10.2% quarter over quarter. As of quarter end Renaissance Technologies LLC had bought 8,800 shares growing its position 3.2%. The value of the investment in Crown Crafts Inc decreased from $1,932,000 to $1,864,000 a change of $68,000 since the last quarter.
On November 10 B. Riley held the company rating at “Buy” with a current price target of $7.50.
In the market the company is trading down since yesterday’s close of 5.85. The most current P/E ratio is 12.07 and the market value is 57.03M. In the latest earnings report the EPS was $0.47 with 10.09M shares outstanding.
Crown Crafts, Inc., launched on August 5, 2003, operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc. (CCIP) and Hamco, Inc. (Hamco), in the infant and toddler products segment within the consumer products industry. The Company operates primarily though the segment of infant and toddler products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories. The Business’s primary focus is on infant, toddler and juvenile products, including crib; blankets and swaddle blankets; nursery and toddler accessories; room decor; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats and floor mats; disposable cup labels, toilet seat covers and changing mats, and other infant, toddler and juvenile soft goods. Sales of its products are made directly to retailers, which are primarily mass merchants, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, Internet accounts and wholesale clubs..