CSS Industries, Inc. (CSS) Position Reduced by Royce & Associates LP
Royce & Associates LP decreased its stake in shares of CSS Industries, Inc. (NYSE:CSS) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,326,000 shares of the specialty retailer’s stock after selling 26,000 shares during the period. Royce & Associates LP owned about 14.58% of CSS Industries worth $34,688,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in CSS. First Manhattan Co. increased its stake in shares of CSS Industries by 48.8% in the second quarter. First Manhattan Co. now owns 137,255 shares of the specialty retailer’s stock valued at $3,590,000 after buying an additional 45,000 shares during the last quarter. KBC Group NV increased its stake in shares of CSS Industries by 2.8% in the second quarter. KBC Group NV now owns 6,147 shares of the specialty retailer’s stock valued at $161,000 after buying an additional 168 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of CSS Industries during the second quarter valued at $330,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CSS Industries, Inc. (NYSE:CSS) opened at 26.77 on Friday. The firm’s 50-day moving average price is $26.64 and its 200 day moving average price is $25.96. The company has a market cap of $243.45 million, a P/E ratio of 9.89 and a beta of 1.06. CSS Industries, Inc. has a 52 week low of $23.16 and a 52 week high of $29.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.99%. CSS Industries’s dividend payout ratio is 29.52%.
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Separately, TheStreet downgraded CSS Industries from a “b” rating to a “c+” rating in a research note on Wednesday, June 7th.
In other CSS Industries news, Director Harry J. Mullany III acquired 1,000 shares of CSS Industries stock in a transaction that occurred on Monday, June 12th. The shares were bought at an average price of $27.92 per share, with a total value of $27,920.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.90% of the company’s stock.
CSS Industries Company Profile
CSS Industries, Inc is a consumer products company, which is engaged in the design, manufacture, procurement, distribution and sale of non-durable all occasion and seasonal social expression products, principally to mass market retailers in the United States and Canada. The Company’s occasion and seasonal products include classroom exchange Valentines, infant products, journals, buttons, gift wrap, floral accessories, craft and educational products, Easter egg dyes and novelties, memory books, scrapbooks, stickers, stationery and other items.
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