Skylands Capital Discloses 290,697 Share Stake in Crown Crafts

TL;DR

**Skylands Capital just revealed a big stake in Crown Crafts, signaling a bullish outlook.**

AI Summary

Skylands Capital, LLC, an investment firm based in Milwaukee, WI, has reported a significant stake in Crown Crafts Inc. As of December 31, 2023, Skylands Capital beneficially owns 290,697 shares of Crown Crafts' Common Stock, representing a notable position in the company. This filing indicates a passive investment by Skylands Capital, suggesting they see value in Crown Crafts without seeking to control the company. For investors, this means a professional money manager has identified Crown Crafts as an attractive investment, potentially signaling confidence in the company's future performance.

Why It Matters

This filing shows a professional investment firm, Skylands Capital, has taken a substantial position in Crown Crafts, which can be seen as a vote of confidence in the company's prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by an institutional investor, which generally doesn't introduce significant new risks to the stock.

Analyst Insight

A smart investor would view this as a positive signal, as an institutional investor has identified value in Crown Crafts. It might warrant further research into Crown Crafts' fundamentals and recent performance.

Key Numbers

• 290,697 — Shares Beneficially Owned (The total number of Crown Crafts Inc. shares Skylands Capital, LLC holds.)
• 260,697 — Sole Voting Power Shares (The number of shares for which Skylands Capital, LLC has sole voting power.)
• 290,697 — Sole Dispositive Power Shares (The number of shares for which Skylands Capital, LLC has sole dispositive power.)

Key Players & Entities

• Skylands Capital, LLC (company) — the reporting person and institutional investor
• Crown Crafts Inc. (company) — the subject company whose stock was purchased
• 290,697 (dollar_amount) — aggregate shares beneficially owned by Skylands Capital
• December 31, 2023 (date) — the date of the event requiring the filing
• Wisconsin (company) — place of organization for Skylands Capital, LLC

Forward-Looking Statements

• Skylands Capital, LLC will maintain or increase its stake in Crown Crafts Inc. over the next year. (Skylands Capital, LLC) — medium confidence, target: 2025-01-08

FAQ

Filing Documents

• sky86894-crown13g.htm (SC 13G) — 28KB
• 0001821268-24-000003.txt ( ) — 30KB

(a) NAME OF ISSUER

ITEM 1 (a) NAME OF ISSUER Crown Crafts, Inc.

(b) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES

ITEM 1 (b) ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES 916 S. Burnside Ave. Gonzales, LA 70737

(a) NAME OF PERSON FILING

ITEM 2 (a) NAME OF PERSON FILING Skylands Capital, LLC

(b) ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE

ITEM 2 (b) ADDRESS OF PRINCIPAL OFFICE OR, IF NONE, RESIDENCE 1200 N Mayfair Rd, Suite 250 Milwaukee, WI 53226

(c) CITIZENSHIP

ITEM 2 (c) CITIZENSHIP Wisconsin Limited Liability Company

(d) TITLE OF CLASS OF SECURITIES

ITEM 2 (d) TITLE OF CLASS OF SECURITIES Common stock

(e) CUSIP NUMBER

ITEM 2 (e) CUSIP NUMBER 228309100

THIS STATEMENT IS FILED PURSUANT TO PARAGRAPH

ITEM 3 THIS STATEMENT IS FILED PURSUANT TO PARAGRAPH 240.13d-1(b) AND THE PERSON FILING IS: (e) an investment advisor in accordance with paragraph 240.13d-1(b)(1)(ii)(E)

(a) AMOUNT BENEFICIALLY OWNED

ITEM 4 (a) AMOUNT BENEFICIALLY OWNED: 290,697

(b) PERCENT OF CLASS

ITEM 4 (b) PERCENT OF CLASS: 2.8%

(c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS

ITEM 4 (c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS: (i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE 260,697 (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE 0 (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 290,697 (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF 0

OWNERSHIP OF FIVE PERCENT OR LESS OF A

ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: This statement is being filed to report the fact that as of the date hereof the reporting person is no longer the beneficial owner of more than 5 percent of the class of securities. . CUSIP NO. 228309100 13G

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: N/A

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE

ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: N/A

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: N/A

NOTICE OF DISSOLUTION OF THE GROUP

ITEM 9 NOTICE OF DISSOLUTION OF THE GROUP: N/A

CERTIFICATION

ITEM 10 CERTIFICATION: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 8, 2024 Date BY: Virginia E. Shaffar Signature Vice President & Treasurer Skylands Capital, LLC Title

View Full Filing

View this SC 13G filing on SEC EDGAR