1 day Ago By Defense World Staff
Bank of New York Mellon Corp raised its position in shares of Clarus Co. ( NASDAQ:CLAR – Free Report ) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 285,128 shares of the company’s stock after purchasing an additional 9,175 shares during the period. Bank of New York Mellon Corp owned about 0.74% of Clarus worth $1,919,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Capital Group California Inc. bought a new stake in shares of Clarus in the 2nd quarter valued at about $72,000.
EntryPoint Capital LLC purchased a new stake in Clarus during the first quarter worth $83,000. BNP Paribas Financial Markets lifted its holdings in Clarus by 71.5% during the first quarter.
BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock worth $101,000 after buying an additional 6,213 shares during the period. Mirae Asset Global Investments Co. Ltd.
grew its stake in Clarus by 30.8% in the first quarter. Mirae Asset Global Investments Co.
Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after purchasing an additional 3,658 shares during the last quarter. Finally, Olympiad Research LP raised its holdings in Clarus by 54.
4% in the fourth quarter. Olympiad Research LP now owns 19,580 shares of the company’s stock worth $135,000 after purchasing an additional 6,898 shares in the last quarter. 90.
30% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth CLAR has been the topic of several research analyst reports. Roth Capital downgraded Clarus from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd.
B. Riley dropped their price target on Clarus from $9.00 to $7.
00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Roth Mkm downgraded Clarus from a “buy” rating to a “neutral” rating and dropped their price target for the company from $7.50 to $6.
00 in a research note on Friday, August 2nd. Finally, StockNews.com lowered Clarus from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.
25. Insider Buying and Selling In other news, Chairman Warren B. Kanders bought 30,000 shares of the firm’s stock in a transaction dated Monday, September 9th.
The shares were acquired at an average price of $4.05 per share, for a total transaction of $121,500.00.
Following the completion of the transaction, the chairman now directly owns 4,075,527 shares in the company, valued at approximately $16,505,884.35. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website .
In other Clarus news, Chairman Warren B. Kanders acquired 30,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was bought at an average price of $4.
05 per share, for a total transaction of $121,500.00. Following the acquisition, the chairman now owns 4,075,527 shares in the company, valued at $16,505,884.
35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, Chairman Warren B.
Kanders bought 200,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $4.19 per share, with a total value of $838,000.
00. Following the completion of the purchase, the chairman now directly owns 4,045,527 shares in the company, valued at $16,950,758.13.
The disclosure for this purchase can be found here . Insiders own 22.40% of the company’s stock.
Clarus Price Performance CLAR opened at $4.65 on Wednesday. The firm has a fifty day moving average price of $4.
96 and a 200 day moving average price of $5.99. Clarus Co.
has a 1 year low of $3.89 and a 1 year high of $7.65.
The stock has a market cap of $178.09 million, a P/E ratio of 17.88 and a beta of 0.
84. Clarus ( NASDAQ:CLAR – Get Free Report ) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.
06) earnings per share for the quarter. The business had revenue of $56.48 million during the quarter, compared to analyst estimates of $59.
28 million. Clarus had a negative return on equity of 0.75% and a net margin of 2.
23%. During the same period in the previous year, the company posted $0.07 EPS.
Equities analysts expect that Clarus Co. will post 0.02 EPS for the current year.
Clarus Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were issued a $0.025 dividend.
This represents a $0.10 annualized dividend and a yield of 2.15%.
The ex-dividend date of this dividend was Friday, August 9th. Clarus’s payout ratio is presently 38.46%.
About Clarus ( Free Report ) 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.
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