Legato Capital Management LLC grew its position in CLEAR Secure, Inc. (NYSE:YOU – Free Report) by 157.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,523 shares of the company’s stock after acquiring an additional 16,232 shares during the period. Legato Capital Management LLC’s holdings in CLEAR Secure were worth $930,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of YOU. Royal Bank of Canada raised its holdings in shares of CLEAR Secure by 59.7% in the 1st quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock valued at $7,034,000 after purchasing an additional 101,476 shares in the last quarter. Amundi raised its holdings in shares of CLEAR Secure by 62.5% in the 1st quarter. Amundi now owns 3,743 shares of the company’s stock valued at $97,000 after purchasing an additional 1,440 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of CLEAR Secure in the 1st quarter valued at $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CLEAR Secure by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock valued at $1,367,000 after purchasing an additional 2,801 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of CLEAR Secure by 64.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock valued at $119,000 after purchasing an additional 1,801 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Jonathan Schlegel sold 4,412 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Adam Wiener sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $50.00, for a total transaction of $750,000.00. Following the completion of the sale, the director directly owned 132,634 shares in the company, valued at $6,631,700. This trade represents a 10.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 101,900 shares of company stock valued at $4,839,474 in the last quarter. Insiders own 39.73% of the company’s stock.
Wall Street Analysts Forecast Growth
CLEAR Secure Stock Down 0.1%
Shares of CLEAR Secure stock opened at $60.02 on Tuesday. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 48.40 and a beta of 1.09. CLEAR Secure, Inc. has a 52-week low of $23.88 and a 52-week high of $62.22. The company’s 50-day simple moving average is $53.56 and its 200-day simple moving average is $42.49.
CLEAR Secure (NYSE:YOU – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that CLEAR Secure, Inc. will post 1.78 EPS for the current year.
CLEAR Secure Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. CLEAR Secure’s payout ratio is currently 48.39%.
CLEAR Secure Profile
CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.
Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.
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