Nationwide Fund Advisors decreased its stake in Clearfield, Inc. (NASDAQ:CLFD) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,420 shares of the communications equipment provider’s stock after selling 1,025 shares during the period. Nationwide Fund Advisors’ holdings in Clearfield were worth $106,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Thomson Horstmann & Bryant Inc. raised its stake in shares of Clearfield by 35.7% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 569,695 shares of the communications equipment provider’s stock valued at $9,371,000 after buying an additional 149,980 shares during the period. Renaissance Technologies LLC raised its stake in shares of Clearfield by 8.9% in the fourth quarter. Renaissance Technologies LLC now owns 475,199 shares of the communications equipment provider’s stock valued at $9,837,000 after buying an additional 39,000 shares during the period. Finally, State Street Corp raised its stake in shares of Clearfield by 8.6% in the fourth quarter. State Street Corp now owns 154,909 shares of the communications equipment provider’s stock valued at $3,205,000 after buying an additional 12,300 shares during the period. 27.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of Clearfield, Inc. (NASDAQ:CLFD) opened at 13.45 on Friday. Clearfield, Inc. has a 1-year low of $12.20 and a 1-year high of $21.60. The stock has a market cap of $189.56 million, a price-to-earnings ratio of 26.95 and a beta of 1.29. The company has a 50-day moving average price of $13.51 and a 200-day moving average price of $16.43.
Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Friday, April 28th. The communications equipment provider reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.03. Clearfield had a net margin of 8.58% and a return on equity of 10.68%. The company had revenue of $17.70 million for the quarter, compared to analyst estimates of $20.85 million. During the same quarter in the prior year, the business earned $0.11 EPS. Clearfield’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Clearfield, Inc. will post $0.32 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research raised Clearfield from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th.
In other Clearfield news, Chairman Ronald G. Roth bought 5,000 shares of Clearfield stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average cost of $14.14 per share, for a total transaction of $70,700.00. Following the completion of the acquisition, the chairman now owns 1,219,170 shares of the company’s stock, valued at approximately $17,239,063.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.30% of the stock is owned by company insiders.
Clearfield Company Profile
Clearfield, Inc manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette, which is the building block of its product platform; Connectivity and Optical Components; FieldSmart, which is a series of panels, cabinets, wall boxes and other enclosures that house the Clearview components; FieldShield, which is a fiber delivery method for broadband deployment; CraftSmart, which is a line of optical protection field enclosures, and Cable Assemblies.
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