Clearfield, Inc. $CLFD Shares Bought by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. raised its position in Clearfield, Inc. (NASDAQ:CLFD) by 16.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,828 shares of the communications equipment provider’s stock after purchasing an additional 17,988 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Clearfield were worth $4,463,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CLFD. GSA Capital Partners LLP acquired a new stake in Clearfield during the 3rd quarter worth approximately $217,000. Vanguard Group Inc. grew its stake in Clearfield by 0.4% during the third quarter. Vanguard Group Inc. now owns 940,004 shares of the communications equipment provider’s stock worth $32,317,000 after buying an additional 4,139 shares during the period. Skylands Capital LLC purchased a new position in shares of Clearfield in the 3rd quarter valued at $615,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Clearfield in the third quarter valued at about $235,000. Finally, State of Wyoming boosted its holdings in Clearfield by 36.4% in the 3rd quarter. State of Wyoming now owns 9,406 shares of the communications equipment provider’s stock worth $323,000 after acquiring an additional 2,508 shares during the period. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CLFD shares. Roth Mkm dropped their price objective on shares of Clearfield from $50.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, November 25th. Lake Street Capital dropped their price target on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, January 21st. Wall Street Zen downgraded Clearfield from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Zacks Research lowered Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Clearfield currently has an average rating of “Moderate Buy” and an average price target of $43.50.

Insider Buying and Selling

In other news, Chairman Ronald G. Roth acquired 10,000 shares of Clearfield stock in a transaction that occurred on Monday, December 15th. The shares were purchased at an average cost of $30.06 per share, for a total transaction of $300,600.00. Following the completion of the purchase, the chairman directly owned 1,279,264 shares of the company’s stock, valued at $38,454,675.84. This trade represents a 0.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Donald R. Hayward sold 3,595 shares of Clearfield stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $32.00, for a total transaction of $115,040.00. Following the completion of the transaction, the director directly owned 10,870 shares of the company’s stock, valued at approximately $347,840. This represents a 24.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 17.80% of the company’s stock.

Clearfield Price Performance

Shares of CLFD stock opened at $32.73 on Wednesday. The firm has a fifty day moving average of $30.74 and a two-hundred day moving average of $32.05. The firm has a market cap of $448.07 million, a P/E ratio of -66.80 and a beta of 1.94. Clearfield, Inc. has a 1-year low of $23.78 and a 1-year high of $46.76.

Clearfield (NASDAQ:CLFD) last issued its earnings results on Wednesday, February 4th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $34.34 million for the quarter, compared to analyst estimates of $31.77 million. Clearfield had a negative net margin of 3.93% and a positive return on equity of 1.72%. Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100–0.020 EPS. On average, sell-side analysts expect that Clearfield, Inc. will post -0.29 EPS for the current year.

Clearfield announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 25th that allows the company to buyback $85.00 million in shares. This buyback authorization allows the communications equipment provider to buy up to 22% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Clearfield Profile

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.