Clarus Co. (NASDAQ:CLAR) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lowered its position in Clarus Co. (NASDAQ:CLAR) by 15.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 267,390 shares of the company’s stock after selling 49,198 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Clarus were worth $1,206,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in shares of Clarus in the 4th quarter worth about $64,000. Envestnet Asset Management Inc. raised its holdings in Clarus by 38.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company’s stock valued at $72,000 after buying an additional 4,371 shares during the period. Wells Fargo & Company MN lifted its position in Clarus by 26.6% during the fourth quarter. Wells Fargo & Company MN now owns 18,119 shares of the company’s stock valued at $82,000 after buying an additional 3,810 shares in the last quarter. Legacy Capital Group California Inc. grew its stake in Clarus by 40.3% during the fourth quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company’s stock worth $90,000 after buying an additional 5,749 shares during the period. Finally, Lepercq Multi Asset Fund acquired a new stake in shares of Clarus in the fourth quarter worth $95,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Wall Street Analysts Forecast Growth

CLAR has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price target on Clarus from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, April 10th. B. Riley lowered their price objective on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Finally, Lake Street Capital cut their target price on Clarus from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.50.

Clarus Stock Performance

NASDAQ:CLAR opened at $3.23 on Friday. The stock has a 50-day simple moving average of $3.65 and a 200 day simple moving average of $4.27. Clarus Co. has a one year low of $3.13 and a one year high of $7.24. The company has a market capitalization of $124.04 million, a price-to-earnings ratio of 24.85 and a beta of 0.87.

Clarus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.10%. Clarus’s dividend payout ratio (DPR) is -7.35%.

Clarus 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.