Investor picks up 5.5% stake in Crown Crafts

Don Hogsett, January 27, 2003

An unidentified investor has acquired a 5.5 percent stake in Crown Crafts Inc., an infant products producer, purchasing a single block of 514,000 shares at $0.48 a share on Friday.

The purchase pushed the price of Crown Crafts shares up by $0.03, or 6.7 percent.

Both the activity and the volume were highly unusual for the thinly traded stock, which is listed on the OTC Bulletin Board. Indeed, days, even weeks, can go by without any shares being traded.

Amy Samson, Crown Crafts, cfo, said the company is unaware of the identity of the purchaser.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!