Unless the context indicates otherwise, the terms the “Company,” “Crimson,” “we,” “our” or “us” as used herein refer to Crimson Wine Group Ltd. and its subsidiaries. Crimson has been conducting business since 1991. Prior to February 25, 2013, Crimson was a wholly-owned subsidiary of Jefferies Financial Group Inc. (formerly known as Leucadia National Corporation) (“Jefferies”). On February 1, 2013, Jefferies declared a pro rata dividend of all of the outstanding shares of Crimson’s common stock in a manner that was structured to qualify as a tax-free spin-off for U.S. federal income tax purposes (the “Distribution”). Jefferies’ common shareholders received one share of Crimson common stock for every ten common shares of Jefferies, with cash in lieu of fractional shares, on February 25, 2013.
Company profile
Ticker
CWGL
Exchange
Website
CEO
Nicolas Quillé
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
133607383
CWGL stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
19 Mar 24
8-K
Crimson Wine Group Names Adam Howell
4 Dec 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Departure of Directors or Certain Officers
11 Oct 23
8-K/A
Submission of Matters to a Vote of Security Holders
11 Aug 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K/A
Material Modifications to Rights of Security Holders
9 Aug 23
8-K
Departure of Directors or Certain Officers
4 Aug 23
8-K
Material Modifications to Rights of Security Holders
31 Jul 23
8-K
Departure of Directors or Certain Officers
20 Jul 23
Latest ownership filings
4
Annette D. Alvarez-Peters
1 Apr 24
4
Nicolas Michel Eric Quille
11 Mar 24
4
Jennifer L. Locke
11 Mar 24
SC 13G/A
BECK MACK & OLIVER LLC
14 Feb 24
3
Adam D. Howell
14 Dec 23
4
Annette D. Alvarez-Peters
27 Nov 23
4
Annette D. Alvarez-Peters
25 Aug 23
4
Luanne Dupere Tierney
21 Aug 23
3
Kimberly A. Benson
27 Jul 23
4
Jennifer L. Locke
27 Mar 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 19.31 mm | 19.31 mm | 19.31 mm | 19.31 mm | 19.31 mm | 19.31 mm |
Cash burn (monthly) | (no burn) | 1.37 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 9.33 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 9.98 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 7.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
13.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 3 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 2.11 bn |
Total shares | 2.75 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Cumming John D. | 2.41 mm | $15.02 mm |
Lawson Kroeker Investment Management | 339.91 k | $2.09 bn |
Massmutual Trust Co FSB | 100.00 | $615.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 24 | Annette D. Alvarez-Peters | Common Stock | Buy | Acquire P | Yes | No | 6.03 | 625 | 3.77 k | 1,875 |
6 Mar 24 | Jennifer L. Locke | Employee Stock Option Common Stock | Grant | Acquire A | No | No | 7.5 | 100,000 | 750.00 k | 150,000 |
6 Mar 24 | Quille Nicolas Michel Eric | Employee Stock Option Common Stock | Grant | Dispose A | No | No | 5.95 | 11,500 | 68.43 k | 11,500 |
22 Nov 23 | Annette D. Alvarez-Peters | Common Stock | Buy | Acquire P | Yes | No | 5.9 | 525 | 3.10 k | 1,250 |
22 Nov 23 | Annette D. Alvarez-Peters | Common Stock | Buy | Acquire P | Yes | No | 5.87 | 100 | 587.00 | 725 |