Verition Fund Management LLC Takes Position in Clarus Co. (NASDAQ:CLAR)

Verition Fund Management LLC bought a new stake in Clarus Co. (NASDAQ:CLAR – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,861 shares of the company’s stock, valued at approximately $200,000.

Other hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake in shares of Clarus by 784.6% in the 2nd quarter. Lazard Asset Management LLC now owns 4,308 shares of the company’s stock valued at $81,000 after purchasing an additional 3,821 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Clarus by 112.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,296 shares of the company’s stock worth $98,000 after acquiring an additional 3,855 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in Clarus by 21.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,920 shares of the company’s stock worth $112,000 after acquiring an additional 857 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Clarus during the 3rd quarter worth approximately $126,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Clarus by 125.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,779 shares of the company’s stock worth $129,000 after acquiring an additional 3,773 shares during the last quarter. Institutional investors own 90.53% of the company’s stock.

Clarus Stock Performance

Shares of CLAR stock opened at $9.39 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.42 and a current ratio of 3.69. The company has a market capitalization of $348.09 million, a P/E ratio of -4.92, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95. The company’s 50 day moving average price is $9.51 and its two-hundred day moving average price is $10.91. Clarus Co. has a 52 week low of $6.86 and a 52 week high of $29.32.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Tuesday, March 7th will be issued a $0.025 dividend. The ex-dividend date is Monday, March 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.06%. Clarus’s dividend payout ratio (DPR) is presently -5.24%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. StockNews.com raised shares of Clarus to a “sell” rating in a research note on Monday, March 6th. Lake Street Capital reduced their price objective on shares of Clarus from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Clarus presently has a consensus rating of “Hold” and a consensus target price of $22.00.

About Clarus

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Clarus Corp engages in development, manufacture, and distribution of outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories. It operates through the following segments: Outdoor, Precision Sport, and Adventure. The Outdoor segment manufactures outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a wide range of other year-round outdoor recreation activities.