Harel Insurance Investments & Financial Services Ltd. lowered its holdings in Clarus Co. (NASDAQ:CLAR) by 50.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,200 shares of the company’s stock after selling 15,300 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Clarus were worth $866,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. BCJ Capital Management LLC acquired a new position in Clarus in the fourth quarter worth $168,000. Rhumbline Advisers lifted its stake in shares of Clarus by 14.9% during the fourth quarter. Rhumbline Advisers now owns 37,503 shares of the company’s stock valued at $578,000 after acquiring an additional 4,863 shares during the period. New York Life Investments Alternatives acquired a new position in shares of Clarus during the fourth quarter valued at $1,329,000. Greenwood Capital Associates LLC lifted its stake in shares of Clarus by 44.1% during the fourth quarter. Greenwood Capital Associates LLC now owns 40,289 shares of the company’s stock valued at $620,000 after acquiring an additional 12,337 shares during the period. Finally, Greenhouse Funds LLLP lifted its stake in shares of Clarus by 2.0% during the fourth quarter. Greenhouse Funds LLLP now owns 2,684,667 shares of the company’s stock valued at $41,344,000 after acquiring an additional 52,834 shares during the period. 63.81% of the stock is currently owned by institutional investors.
NASDAQ:CLAR opened at $18.83 on Tuesday. Clarus Co. has a 1-year low of $8.21 and a 1-year high of $19.63. The business’s 50-day moving average price is $17.60 and its two-hundred day moving average price is $16.46. The firm has a market capitalization of $589.64 million, a price-to-earnings ratio of 54.07 and a beta of 0.85. The company has a current ratio of 3.85, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19.
Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Sunday, March 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. Clarus had a return on equity of 6.81% and a net margin of 5.20%. The company had revenue of $75.95 million during the quarter, compared to the consensus estimate of $75.10 million. Sell-side analysts predict that Clarus Co. will post 0.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 21st. Shareholders of record on Monday, May 10th will be issued a $0.025 dividend. The ex-dividend date is Friday, May 7th. This represents a $0.10 annualized dividend and a dividend yield of 0.53%. Clarus’s dividend payout ratio (DPR) is currently 16.39%.
Several equities analysts have recently issued reports on CLAR shares. DA Davidson upped their price target on Clarus from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, March 10th. Roth Capital upped their price target on Clarus from $19.50 to $22.00 and gave the company a “buy” rating in a research note on Monday, March 15th. Lake Street Capital increased their target price on Clarus from $18.00 to $22.00 in a research note on Tuesday, March 9th. Finally, Zacks Investment Research lowered Clarus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 10th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $21.75.
In other Clarus news, Chairman Warren B. Kanders sold 35,110 shares of the stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $18.05, for a total value of $633,735.50. Following the completion of the sale, the chairman now directly owns 3,803,343 shares in the company, valued at $68,650,341.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Warren B. Kanders sold 25,000 shares of the stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $17.62, for a total value of $440,500.00. Following the completion of the sale, the chairman now owns 3,730,131 shares of the company’s stock, valued at $65,724,908.22. The disclosure for this sale can be found here. Insiders sold 203,432 shares of company stock valued at $3,577,499 over the last 90 days. Corporate insiders own 28.50% of the company’s stock.
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 focusing on the climb, ski, mountain, sport, and skincare markets.
Further Reading: Special Purpose Acquisition Company (SPAC)
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