Clearfield, Inc. (NASDAQ:CLFD) Director Roger G. Harding acquired 1,000 shares of Clearfield stock in a transaction dated Wednesday, August 9th. The shares were bought at an average cost of $11.50 per share, with a total value of $11,500.00. Following the completion of the purchase, the director now owns 18,009 shares in the company, valued at $207,103.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Clearfield, Inc. (NASDAQ CLFD) traded up 1.096% during mid-day trading on Friday, hitting $11.525. The stock had a trading volume of 51,981 shares. Clearfield, Inc. has a 12-month low of $11.00 and a 12-month high of $21.60. The stock’s 50-day moving average price is $12.84 and its 200-day moving average price is $14.86. The stock has a market capitalization of $160.59 million, a price-to-earnings ratio of 29.704 and a beta of 1.25.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.06. Clearfield had a return on equity of 8.12% and a net margin of 6.87%. The business had revenue of $19.61 million for the quarter, compared to analyst estimates of $22.90 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. On average, equities analysts anticipate that Clearfield, Inc. will post $0.25 EPS for the current fiscal year.

Clearfield declared that its board has approved a share buyback program on Thursday, April 27th that allows the company to buyback $4.00 million in shares. This buyback authorization allows the communications equipment provider to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

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CLFD has been the subject of several recent analyst reports. Zacks Investment Research cut Clearfield from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Northland Securities set a $15.00 target price on Clearfield and gave the stock a “buy” rating in a research report on Saturday, July 29th.

Several institutional investors have recently bought and sold shares of CLFD. Thomson Horstmann & Bryant Inc. boosted its stake in shares of Clearfield by 35.7% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 569,695 shares of the communications equipment provider’s stock worth $9,371,000 after buying an additional 149,980 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Clearfield by 8.9% in the first quarter. Renaissance Technologies LLC now owns 517,286 shares of the communications equipment provider’s stock worth $8,509,000 after buying an additional 42,087 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Clearfield by 12.7% in the first quarter. Vanguard Group Inc. now owns 447,606 shares of the communications equipment provider’s stock worth $7,363,000 after buying an additional 50,391 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Clearfield by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 324,288 shares of the communications equipment provider’s stock worth $5,335,000 after buying an additional 7,645 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Clearfield by 8.6% in the fourth quarter. State Street Corp now owns 154,909 shares of the communications equipment provider’s stock worth $3,205,000 after buying an additional 12,300 shares during the last quarter. Institutional investors own 27.06% of the company’s stock.

About Clearfield

Clearfield, Inc manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette, which is the building block of its product platform; Connectivity and Optical Components; FieldSmart, which is a series of panels, cabinets, wall boxes and other enclosures that house the Clearview components; FieldShield, which is a fiber delivery method for broadband deployment; CraftSmart, which is a line of optical protection field enclosures, and Cable Assemblies.

Insider Buying and Selling by Quarter for Clearfield (NASDAQ:CLFD)

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