Parthenon LLC Acquires 90,000 Shares of Clarus Co. (NASDAQ:CLAR)

Parthenon LLC lifted its holdings in Clarus Co. (NASDAQ:CLAR) by 94.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 185,164 shares of the company’s stock after acquiring an additional 90,000 shares during the quarter. Parthenon LLC owned 0.49% of Clarus worth $1,277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CLAR. Motley Fool Asset Management LLC raised its holdings in Clarus by 2.0% during the 3rd quarter. Motley Fool Asset Management LLC now owns 191,136 shares of the company’s stock valued at $1,445,000 after buying an additional 3,710 shares during the last quarter. Aigen Investment Management LP purchased a new position in Clarus during the 3rd quarter valued at $92,000. First Eagle Investment Management LLC increased its position in Clarus by 71.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 357,608 shares of the company’s stock valued at $2,704,000 after purchasing an additional 149,367 shares during the period. Greenhaven Road Investment Management L.P. purchased a new position in Clarus during the 3rd quarter valued at $782,000. Finally, M&T Bank Corp increased its position in Clarus by 21.8% during the 3rd quarter. M&T Bank Corp now owns 65,416 shares of the company’s stock valued at $494,000 after purchasing an additional 11,688 shares during the period. 90.30% of the stock is currently owned by institutional investors.

Clarus Stock Down 1.9 %

Shares of NASDAQ:CLAR traded down $0.12 during midday trading on Tuesday, reaching $6.33. The company’s stock had a trading volume of 167,863 shares, compared to its average volume of 277,855. The firm has a 50 day moving average of $6.32 and a 200-day moving average of $6.04. The firm has a market capitalization of $242.06 million, a P/E ratio of -23.44 and a beta of 0.90. Clarus Co. has a 12-month low of $4.77 and a 12-month high of $9.71.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). Clarus had a negative net margin of 2.84% and a positive return on equity of 3.31%. The firm had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $84.45 million. On average, research analysts predict that Clarus Co. will post -0.01 EPS for the current year.

Clarus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 18th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.58%. The ex-dividend date was Friday, March 15th. Clarus’s dividend payout ratio (DPR) is -37.04%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Clarus to a “sell” rating in a research report on Thursday, April 11th. Roth Mkm boosted their price objective on shares of Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $7.00 target price (down from $13.00) on shares of Clarus in a research report on Thursday, January 4th. Finally, B. Riley reduced their target price on shares of Clarus from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.75.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.