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| Top Buys by Directors: Nie's $197.5K Bet on CRWSBy Dividend Channel Staff, Tuesday, August 22, 11:07 AM ET
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $197.5K by Zenon S. Nie, Director at Crown Crafts, Inc. (NASDAQ:CRWS). Nie bets big on CRWS:
Nie's average cost works out to $4.94/share. Shares of Crown Crafts, Inc. were changing hands at $4.95 at last check, trading off about 0.2% on Tuesday. The chart below shows the one year performance of CRWS shares, versus its 200 day moving average:
Looking at the chart above, CRWS's low point in its 52 week range is $4.719 per share, with $6.235 as the 52 week high point — that compares with a last trade of $4.95. The current annualized dividend paid by Crown Crafts, Inc. is $0.32/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 09/14/2023. Below is a long-term dividend history chart for CRWS, which can be of good help in judging whether the most recent dividend with approx. 6.5% annualized yield is likely to continue.
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