UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $995,000 Holdings in Clearfield, Inc. (NASDAQ:CLFD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Clearfield, Inc. (NASDAQ:CLFD) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,528 shares of the communications equipment provider’s stock after selling 2,898 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Clearfield worth $995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC increased its stake in shares of Clearfield by 12.2% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 249,087 shares of the communications equipment provider’s stock worth $9,704,000 after purchasing an additional 27,178 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Clearfield by 83.2% during the second quarter. Dimensional Fund Advisors LP now owns 228,173 shares of the communications equipment provider’s stock worth $8,798,000 after buying an additional 103,648 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in Clearfield in the second quarter valued at approximately $7,801,000. Creative Planning lifted its position in shares of Clearfield by 0.5% in the third quarter. Creative Planning now owns 98,599 shares of the communications equipment provider’s stock valued at $3,841,000 after buying an additional 511 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Clearfield by 12.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 61,205 shares of the communications equipment provider’s stock worth $2,360,000 after acquiring an additional 6,539 shares during the period. 88.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Clearfield

In other Clearfield news, Chairman Ronald G. Roth purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of $31.00 per share, for a total transaction of $155,000.00. Following the completion of the transaction, the chairman now owns 1,266,796 shares in the company, valued at approximately $39,270,676. This represents a 0.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 16.00% of the company’s stock.

Clearfield Stock Performance

NASDAQ:CLFD opened at $30.28 on Thursday. The stock has a 50 day simple moving average of $33.43 and a 200 day simple moving average of $36.88. The stock has a market cap of $432.67 million, a P/E ratio of -35.62 and a beta of 1.28. Clearfield, Inc. has a 1-year low of $24.78 and a 1-year high of $44.83. The company has a current ratio of 9.43, a quick ratio of 6.69 and a debt-to-equity ratio of 0.01.

Clearfield (NASDAQ:CLFD) last posted its earnings results on Thursday, November 7th. The communications equipment provider reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Clearfield had a negative return on equity of 4.41% and a negative net margin of 7.47%. The company had revenue of $46.80 million during the quarter, compared to the consensus estimate of $41.95 million. During the same quarter last year, the firm earned $0.17 earnings per share. The company’s revenue was down 5.8% on a year-over-year basis. Research analysts anticipate that Clearfield, Inc. will post -0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

CLFD has been the topic of a number of research analyst reports. StockNews.com cut Clearfield from a “hold” rating to a “sell” rating in a research note on Saturday, December 14th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Clearfield in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.75.

About Clearfield

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.