Clarus Corporation (NASDAQ:CLAR – Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock traders bought 5,030 call options on the company. This is an increase of 4,432% compared to the typical volume of 111 call options.
Institutional Investors Weigh In On Clarus
Large investors have recently bought and sold shares of the company. Potomac Capital Management Inc. acquired a new position in shares of Clarus in the 4th quarter valued at approximately $3,244,000. BlackRock Inc. bought a new position in Clarus in the second quarter valued at approximately $1,454,000. Gamco Investors INC. ET AL raised its position in Clarus by 11.1% during the first quarter. Gamco Investors INC. ET AL now owns 350,000 shares of the company’s stock valued at $952,000 after purchasing an additional 35,000 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Clarus during the second quarter valued at approximately $652,000. Finally, Bank of New York Mellon Corp bought a new stake in Clarus during the second quarter worth $557,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CLAR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clarus in a report on Monday, August 31st. Roth Capital raised their price objective on shares of Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Zacks Research cut Clarus from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Wall Street Zen lowered Clarus from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, B. Riley Financial boosted their price target on Clarus from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.06.
Clarus Stock Performance
Shares of NASDAQ CLAR traded down $0.01 during midday trading on Monday, reaching $3.56. The company’s stock had a trading volume of 4,994 shares, compared to its average volume of 213,852. Clarus has a fifty-two week low of $2.53 and a fifty-two week high of $3.97. The business’s 50 day moving average price is $3.55 and its two-hundred day moving average price is $3.13. The company has a market cap of $137.04 million, a P/E ratio of -4.35 and a beta of 1.08.
Clarus (NASDAQ:CLAR – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.25. The business had revenue of $56.16 million during the quarter, compared to analysts’ expectations of $51.54 million. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%. Sell-side analysts forecast that Clarus will post 0.26 earnings per share for the current fiscal year.
Clarus Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were given a $0.025 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.8%. Clarus’s dividend payout ratio (DPR) is presently -12.20%.
About Clarus
Clarus Corporation (NASDAQ: CLAR) is a global company that designs, develops, manufactures and distributes outdoor equipment and related products. Its portfolio serves consumers and professionals in climbing, skiing, mountaineering, camping, cycling, trail sports, overlanding and other outdoor activities.
The company’s principal brands include Black Diamond Equipment, which offers climbing, mountain sports, ski and outdoor products; Rhino-Rack, which develops vehicle-based carrying and storage systems; and MAXTRAX, which produces vehicle recovery boards and related off-road equipment.
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