Rice Hall James & Associates LLC lessened its stake in Clarus Corp (NASDAQ:CLAR) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,082 shares of the company’s stock after selling 6,807 shares during the period. Rice Hall James & Associates LLC owned 0.51% of Clarus worth $2,182,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Cortina Asset Management LLC purchased a new position in Clarus during the 2nd quarter valued at about $5,351,000. Angeles Investment Advisors LLC purchased a new position in Clarus during the 1st quarter valued at about $1,409,000. Assenagon Asset Management S.A. increased its position in Clarus by 43.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 266,202 shares of the company’s stock valued at $3,410,000 after purchasing an additional 80,694 shares during the period. Handelsbanken Fonder AB purchased a new position in Clarus during the 1st quarter valued at about $640,000. Finally, Bank of New York Mellon Corp increased its position in Clarus by 47.5% during the 4th quarter. Bank of New York Mellon Corp now owns 149,973 shares of the company’s stock valued at $1,518,000 after purchasing an additional 48,311 shares during the period. 60.26% of the stock is currently owned by institutional investors.
A number of research analysts have commented on CLAR shares. Macquarie started coverage on shares of Clarus in a research report on Friday, July 12th. They set an “outperform” rating and a $20.00 target price on the stock. Roth Capital restated a “neutral” rating and issued a $14.00 price target on shares of Clarus in a report on Tuesday, August 6th. They noted that the move was a valuation call. BidaskClub upgraded shares of Clarus from a “sell” rating to a “hold” rating in a report on Saturday, June 15th. Zacks Investment Research cut shares of Clarus from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, ValuEngine cut shares of Clarus from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.25.
Shares of NASDAQ:CLAR traded down $0.03 during trading on Friday, reaching $10.83. The stock had a trading volume of 8,111 shares, compared to its average volume of 213,832. Clarus Corp has a one year low of $8.56 and a one year high of $15.10. The company has a market capitalization of $335.98 million, a P/E ratio of 19.12, a PEG ratio of 1.63 and a beta of 1.27. The company has a current ratio of 3.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $13.67 and its 200 day simple moving average is $12.92.
Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Clarus had a net margin of 4.87% and a return on equity of 11.22%. The firm had revenue of $46.99 million during the quarter, compared to the consensus estimate of $44.73 million. Equities research analysts forecast that Clarus Corp will post 0.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, August 2nd. Clarus’s dividend payout ratio (DPR) is presently 17.54%.
Clarus Company Profile
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.
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