SG Americas Securities LLC Raises Stake in Clarus Co. (NASDAQ:CLAR)

SG Americas Securities LLC raised its holdings in Clarus Co. (NASDAQ:CLAR) by 23.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC lifted its holdings in shares of Clarus by 0.7% during the third quarter. FMR LLC now owns 3,364,049 shares of the company’s stock worth $25,432,000 after purchasing an additional 24,474 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Clarus by 77.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 3,218,577 shares of the company’s stock worth $30,415,000 after acquiring an additional 1,408,417 shares during the period. BlackRock Inc. boosted its holdings in shares of Clarus by 2.6% in the first quarter. BlackRock Inc. now owns 1,649,727 shares of the company’s stock valued at $37,580,000 after acquiring an additional 42,369 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Clarus by 2.2% during the third quarter. Vanguard Group Inc. now owns 1,535,660 shares of the company’s stock worth $11,610,000 after acquiring an additional 33,165 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its holdings in Clarus by 39.3% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 849,835 shares of the company’s stock worth $6,663,000 after purchasing an additional 239,928 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Clarus Price Performance

NASDAQ CLAR opened at $6.24 on Friday. The business has a 50 day moving average price of $6.29 and a 200 day moving average price of $6.05. The company has a market capitalization of $238.62 million, a P/E ratio of -23.11 and a beta of 0.90. Clarus Co. has a 1-year low of $4.77 and a 1-year high of $9.92.

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

Clarus Announces Dividend

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

Wall Street Analyst Weigh In

CLAR has been the topic of a number of analyst reports. StockNews.com raised Clarus to a “sell” rating in a report on Thursday, April 11th. Roth Mkm lifted their price target on Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, March 13th. B. Riley cut their price objective on Clarus from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Jefferies Financial Group restated a “hold” rating and set a $7.00 target price (down from $13.00) on shares of Clarus in a research report on Thursday, January 4th. One 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.75.

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.