Company shares last traded at $6.08 which is a tad under $6.42, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $6.73. The 50 day moving average moved down $-0.35 and the 200 day average was down $-0.65. Trading was heavy with 16K shares changing hands on Tuesday. Trading volume was up 46.17% over the stocks average daily volume.
Short traders are feeling a little more bullish on shares of Crown Crafts, Inc. of late if you watch the change in short interest. The company saw a fall in short interest from September 29, 2017 to October 13, 2017 of -52.26%. Short interest 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 is 0.00% as of October 13.
There has been some selling insider activity on Crown Crafts, Inc. (NASDAQ:CRWS) recently. Kenneth C. Cowart, Director, Information Systems sold $3,175 worth of shares at an average price of $6.35 on August 25th. That brings the Director, Information Systems’s holdings to $46,095 as recorded in a recent Form 4 SEC filing.
These funds have shifted positions in (CRWS). As of quarter end Ubs Group Ag had bought a total of 1,880 shares growing its holdings by 267.8%. The value of the investment in (CRWS) increased from $6,000 to $18,000 a change of 200.0% for the reporting period. North Star Investment Management Corp. expanded its investment by buying 124,982 shares an increase of 29.5% as of 09/30/2017. North Star Investment Management Corp. claims 548,254 shares worth $3,564,000. The total value of its holdings increased 21.1%.
Cutter & CO Brokerage, Inc. divested its ownership by shedding 1,500 shares a decrease of 2.4%. Cutter & CO Brokerage, Inc. now controls 60,300 shares with a value of $392,000. The value of the position overall is down by 8.8%. As of the end of the quarter Nationwide Fund Advisors had acquired 26,510 shares growing its position 185.4%. The value of the total investment in Crown Crafts, Inc. went from $99,000 to $265,000 a change of $166,000 since the last quarter.
In the market the company is trading unchanged from yesterday’s close of $6.08. Additionally the company announced a dividend which was paid on Friday the 7th of July 2017. The dividend payment was $0.080 per share for the quarter or $0.32 annualized. The dividend yield was $5.16. The ex-dividend date was Thursday the 14th of September 2017.
Crown Crafts, Inc. currently has a P/E ratio of 12.398 and market cap is 61.10M. In the last earnings report the EPS was $0.49 and is expected to be $0.58 for the current year with 10,057,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.21 with next year’s EPS projected to be $0.64.
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..