ClearOne, Inc. (CLRO) Major Shareholder Buys $2,100,000.00 in Stock

ClearOne, Inc. (NASDAQ:CLRO) major shareholder Edward D. Bagley bought 300,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was purchased at an average cost of $7.00 per share, with a total value of $2,100,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

ClearOne, Inc. (NASDAQ CLRO) traded up $0.10 during trading hours on Thursday, reaching $7.05. The company’s stock had a trading volume of 305,487 shares, compared to its average volume of 12,493. ClearOne, Inc. has a twelve month low of $6.70 and a twelve month high of $12.60. The stock has a market capitalization of $58.90, a P/E ratio of 233.33 and a beta of 1.36.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 22nd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Tuesday, November 21st. ClearOne’s dividend payout ratio is currently -20.74%.

A number of analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $9.75 target price on shares of ClearOne in a research report on Tuesday, August 15th. TheStreet downgraded ClearOne from a “c-” rating to a “d+” rating in a research report on Friday, November 10th. Finally, ValuEngine raised ClearOne from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.

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ClearOne Company Profile

ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.

Insider Buying and Selling by Quarter for ClearOne (NASDAQ:CLRO)

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