Clarus Co. (NASDAQ:CLAR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Clarus Co. (NASDAQ:CLAR) by 23.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,386 shares of the company’s stock after purchasing an additional 2,891 shares during the quarter. SG Americas Securities LLC’s holdings in Clarus were worth $106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Motley Fool Asset Management LLC lifted its stake in Clarus by 2.0% during the 3rd quarter. Motley Fool Asset Management LLC now owns 191,136 shares of the company’s stock valued at $1,445,000 after acquiring an additional 3,710 shares during the period. Aigen Investment Management LP acquired a new position in Clarus in the third quarter valued at approximately $92,000. First Eagle Investment Management LLC boosted its position in Clarus by 71.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 357,608 shares of the company’s stock worth $2,704,000 after purchasing an additional 149,367 shares in the last quarter. Greenhaven Road Investment Management L.P. acquired a new stake in shares of Clarus during the 3rd quarter worth approximately $782,000. Finally, M&T Bank Corp increased its holdings in shares of Clarus by 21.8% during the 3rd quarter. M&T Bank Corp now owns 65,416 shares of the company’s stock valued at $494,000 after purchasing an additional 11,688 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CLAR. B. Riley lowered their price target on shares of Clarus from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Roth Mkm increased their price target on Clarus from $6.50 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. StockNews.com upgraded Clarus to a “sell” rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $7.00 target price (down previously from $13.00) on shares of Clarus in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.75.

Clarus Price Performance

Shares of Clarus stock opened at $6.24 on Friday. The stock has a market capitalization of $238.62 million, a P/E ratio of -23.11 and a beta of 0.90. The business has a 50 day simple moving average of $6.29 and a two-hundred day simple moving average of $6.05. Clarus Co. has a 12 month low of $4.77 and a 12 month high of $9.92.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). The firm had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $84.45 million. Clarus had a positive return on equity of 3.31% and a negative net margin of 2.84%. As a group, research analysts anticipate that Clarus Co. will post 0.06 EPS for the current fiscal year.

Clarus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, March 15th. Clarus’s dividend payout ratio (DPR) is -37.04%.

About Clarus

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.