17,482 Shares in Crown Crafts, Inc. (CRWS) Acquired by Macquarie Group Ltd.

Macquarie Group Ltd. purchased a new position in shares of Crown Crafts, Inc. (NASDAQ:CRWS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,482 shares of the textile maker’s stock, valued at approximately $114,000. Macquarie Group Ltd. owned approximately 0.17% of Crown Crafts as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRWS. Nationwide Fund Advisors boosted its stake in Crown Crafts by 185.4% during the 3rd quarter. Nationwide Fund Advisors now owns 40,810 shares of the textile maker’s stock valued at $265,000 after purchasing an additional 26,510 shares during the period. Goldman Sachs Group Inc. bought a new stake in Crown Crafts during the 1st quarter valued at approximately $154,000. Synovus Financial Corp boosted its stake in Crown Crafts by 2.4% during the 2nd quarter. Synovus Financial Corp now owns 110,463 shares of the textile maker’s stock valued at $768,000 after purchasing an additional 2,600 shares during the period. Vanguard Group Inc. boosted its stake in Crown Crafts by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 380,694 shares of the textile maker’s stock valued at $2,627,000 after purchasing an additional 1,706 shares during the period. Finally, Bard Associates Inc. boosted its stake in Crown Crafts by 0.5% during the 2nd quarter. Bard Associates Inc. now owns 181,070 shares of the textile maker’s stock valued at $1,258,000 after purchasing an additional 950 shares during the period. Institutional investors own 42.01% of the company’s stock.

Shares of Crown Crafts, Inc. (CRWS) opened at $6.45 on Friday. Crown Crafts, Inc. has a 52-week low of $5.40 and a 52-week high of $8.70. The company has a market capitalization of $64.06, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 2.18 and a beta of 0.35.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.96%. Crown Crafts’s dividend payout ratio is currently 68.09%.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Crown Crafts from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. B. Riley reiterated a “buy” rating and issued a $7.50 price objective on shares of Crown Crafts in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Crown Crafts has an average rating of “Buy” and an average target price of $7.81.

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Crown Crafts Profile

Crown Crafts, Inc operates indirectly through its subsidiaries, Crown Crafts Infant Products, Inc, Hamco, Inc and Carousel Designs, LLC, in the infant and toddler products segment within the consumer products industry. The Company operates though the segment of infant and toddler products. These products consist of infant and toddler bedding, bibs, soft bath products, disposable products and accessories.

Institutional Ownership by Quarter for Crown Crafts (NASDAQ:CRWS)

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