Deutsche Bank AG raised its stake in shares of Crown Crafts (NASDAQ:CRWS) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,602 shares of the textile maker’s stock after buying an additional 7,945 shares during the quarter. Deutsche Bank AG owned about 0.64% of Crown Crafts worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in CRWS. Dimensional Fund Advisors LP purchased a new stake in Crown Crafts during the 3rd quarter valued at approximately $234,000. Bailard Inc. purchased a new stake in Crown Crafts during the 4th quarter valued at approximately $220,000. Finally, Renaissance Technologies LLC grew its holdings in Crown Crafts by 6.2% during the 4th quarter. Renaissance Technologies LLC now owns 304,529 shares of the textile maker’s stock valued at $1,964,000 after buying an additional 17,729 shares in the last quarter. 42.67% of the stock is owned by institutional investors and hedge funds.

NASDAQ CRWS opened at $5.95 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.06. The company has a market cap of $60.01 million, a PE ratio of 14.51, a PEG ratio of 1.59 and a beta of 0.53. Crown Crafts has a one year low of $5.95 and a one year high of $6.00.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Friday, June 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.38%. Crown Crafts’s dividend payout ratio is currently 58.18%.

A number of brokerages have issued reports on CRWS. Roth Capital reaffirmed a “buy” rating on shares of Crown Crafts in a report on Thursday, February 8th. TheStreet lowered shares of Crown Crafts from a “b-” rating to a “c” rating in a report on Thursday, March 29th. ValuEngine lowered shares of Crown Crafts from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research lowered shares of Crown Crafts from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.81.

In other news, CEO Nanci Freeman sold 5,353 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $6.53, for a total transaction of $34,955.09. Following the completion of the transaction, the chief executive officer now directly owns 189,876 shares in the company, valued at approximately $1,239,890.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 9,093 shares of company stock valued at $59,277 over the last quarter. Corporate insiders own 14.17% of the company’s stock.

Crown Crafts Company Profile

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 crib and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room d├ęcors; 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.

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

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