Federated Hermes Inc. Sells 220,014 Shares of Clarus Co. (NASDAQ:CLAR)

Federated Hermes Inc. lessened its holdings in Clarus Co. (NASDAQ:CLAR) by 13.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,469,449 shares of the company’s stock after selling 220,014 shares during the period. Federated Hermes Inc.’s holdings in Clarus were worth $10,132,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in Clarus in the 3rd quarter valued at approximately $31,000. Aigen Investment Management LP bought a new position in Clarus in the 3rd quarter valued at approximately $92,000. SG Americas Securities LLC bought a new position in Clarus in the 3rd quarter valued at approximately $94,000. SRS Capital Advisors Inc. bought a new position in Clarus in the 3rd quarter valued at approximately $109,000. Finally, Brandywine Global Investment Management LLC bought a new position in Clarus in the 3rd quarter valued at approximately $130,000. Institutional investors own 90.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CLAR shares. Roth Mkm raised their price objective on shares of Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a report on Wednesday, March 13th. B. Riley decreased their target price on shares of Clarus from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. StockNews.com raised shares of Clarus to a “sell” rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group reissued 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 assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.75.

Clarus Stock Up 1.3 %

Shares of CLAR stock opened at $6.15 on Wednesday. Clarus Co. has a 52 week low of $4.77 and a 52 week high of $9.86. The firm has a 50 day moving average of $6.29 and a 200-day moving average of $6.03.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). The company had revenue of $76.50 million for the quarter, compared to analyst estimates of $84.45 million. Clarus had a positive return on equity of 3.31% and a negative net margin of 2.84%. Research analysts expect that Clarus Co. will post 0.06 EPS for the current year.

Clarus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.63%. 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.