6 days Ago By ABMN Staff
KLP Kapitalforvaltning AS bought a new position in Clearfield, Inc. ( NASDAQ:CLFD – Free Report ) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,400 shares of the communications equipment provider’s stock, valued at approximately $74,000.
A number of other institutional investors have also recently modified their holdings of the stock. Royce & Associates LP raised its holdings in Clearfield by 3.1% in the 4th quarter.
Royce & Associates LP now owns 478,809 shares of the communications equipment provider’s stock worth $14,843,000 after acquiring an additional 14,464 shares during the last quarter. Barclays PLC increased its holdings in shares of Clearfield by 164.2% in the 3rd quarter.
Barclays PLC now owns 87,971 shares of the communications equipment provider’s stock worth $3,428,000 after purchasing an additional 54,670 shares in the last quarter. Drum Hill Capital LLC purchased a new position in shares of Clearfield in the fourth quarter worth $1,539,000. Janus Henderson Group PLC lifted its holdings in shares of Clearfield by 2.
7% during the third quarter. Janus Henderson Group PLC now owns 30,062 shares of the communications equipment provider’s stock valued at $1,171,000 after purchasing an additional 794 shares in the last quarter. Finally, American Century Companies Inc.
lifted its holdings in shares of Clearfield by 11.1% during the fourth quarter. American Century Companies Inc.
now owns 23,514 shares of the communications equipment provider’s stock valued at $729,000 after purchasing an additional 2,344 shares in the last quarter. 88.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades Several equities research analysts recently commented on CLFD shares. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Clearfield in a research report on Wednesday, March 26th.
StockNews.com upgraded shares of Clearfield from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company.
According to MarketBeat.com, Clearfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.
Insider Transactions at Clearfield In other news, COO John P. Hill sold 16,539 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $33.
26, for a total transaction of $550,087.14. Following the sale, the chief operating officer now directly owns 189,886 shares in the company, valued at approximately $6,315,608.
36. This represents a 8.01 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Insiders own 17.80% of the company’s stock.
Clearfield Stock Up 1.1 % NASDAQ CLFD opened at $26.51 on Friday.
The company has a quick ratio of 7.41, a current ratio of 10.57 and a debt-to-equity ratio of 0.
01. Clearfield, Inc. has a 52 week low of $23.
78 and a 52 week high of $44.83. The company has a market capitalization of $374.
64 million, a P/E ratio of -42.08 and a beta of 1.51.
The stock’s 50-day moving average price is $30.57 and its 200-day moving average price is $33.08.
Clearfield ( NASDAQ:CLFD – Get Free Report ) last issued its earnings results on Thursday, February 6th. The communications equipment provider reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.
26) by $0.13. Clearfield had a negative net margin of 5.
41% and a negative return on equity of 3.31%. On average, equities research analysts predict that Clearfield, Inc.
will post -0.29 earnings per share for the current year. About Clearfield ( Free Report ) Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally.
The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products. See Also Want to see what other hedge funds are holding CLFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clearfield, Inc.
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