Black Diamond, Inc. (NASDAQ:CLAR) Director Nicolas Sokolow bought 5,076 shares of the business’s stock in a transaction on Monday, November 13th. The shares were acquired at an average price of $7.26 per share, for a total transaction of $36,851.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Nicolas Sokolow also recently made the following trade(s):

  • On Friday, August 25th, Nicolas Sokolow bought 25,000 shares of Black Diamond stock. The shares were acquired at an average price of $7.10 per share, for a total transaction of $177,500.00.
  • On Thursday, August 24th, Nicolas Sokolow bought 19,625 shares of Black Diamond stock. The shares were acquired at an average price of $6.39 per share, for a total transaction of $125,403.75.
  • On Tuesday, August 22nd, Nicolas Sokolow bought 15,800 shares of Black Diamond stock. The shares were acquired at an average price of $6.44 per share, for a total transaction of $101,752.00.

Black Diamond, Inc. (NASDAQ CLAR) remained flat at $$7.30 during mid-day trading on Wednesday. The company’s stock had a trading volume of 61,300 shares, compared to its average volume of 90,423. Black Diamond, Inc. has a 12-month low of $5.00 and a 12-month high of $7.95. The company has a quick ratio of 1.68, a current ratio of 4.53 and a debt-to-equity ratio of 0.18.

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Several analysts have commented on CLAR shares. Zacks Investment Research upgraded Black Diamond from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Tuesday, July 18th. Stifel Nicolaus upgraded Black Diamond from a “hold” rating to a “buy” rating and increased their target price for the company from $6.00 to $8.00 in a research note on Wednesday, August 2nd. Finally, Roth Capital set a $7.00 target price on Black Diamond and gave the company a “hold” rating in a research note on Tuesday, August 8th.

Several hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of Black Diamond by 2.0% in the 2nd quarter. Stifel Financial Corp now owns 20,898 shares of the company’s stock worth $139,000 after buying an additional 400 shares during the last quarter. Marquette Asset Management Inc. boosted its stake in shares of Black Diamond by 9.5% in the 2nd quarter. Marquette Asset Management Inc. now owns 25,124 shares of the company’s stock worth $167,000 after buying an additional 2,176 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in shares of Black Diamond by 6.2% in the 2nd quarter. Wasatch Advisors Inc. now owns 127,400 shares of the company’s stock worth $847,000 after buying an additional 7,400 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Black Diamond by 34.5% in the 2nd quarter. Nationwide Fund Advisors now owns 43,594 shares of the company’s stock worth $290,000 after buying an additional 11,184 shares during the last quarter. Finally, California Public Employees Retirement System purchased a new position in shares of Black Diamond in the 1st quarter worth $105,000. Hedge funds and other institutional investors own 47.96% of the company’s stock.

Black Diamond Company Profile

Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.

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