Barclays PLC Buys 2,146 Shares of Clearfield, Inc. (NASDAQ:CLFD)

Barclays PLC lifted its position in Clearfield, Inc. (NASDAQ:CLFD) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,117 shares of the communications equipment provider’s stock after buying an additional 2,146 shares during the quarter. Barclays PLC owned about 0.64% of Clearfield worth $2,793,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in shares of Clearfield by 45.5% in the 4th quarter. SG Americas Securities LLC now owns 5,297 shares of the communications equipment provider’s stock valued at $164,000 after acquiring an additional 1,656 shares during the period. Drum Hill Capital LLC acquired a new stake in Clearfield in the 4th quarter valued at about $1,539,000. Skylands Capital LLC bought a new position in Clearfield during the fourth quarter worth about $645,000. Raymond James Financial Inc. acquired a new position in Clearfield during the fourth quarter worth approximately $721,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Clearfield during the fourth quarter worth approximately $233,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CLFD shares. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price on shares of Clearfield in a research note on Wednesday, March 26th. StockNews.com raised shares of Clearfield from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Clearfield presently has an average rating of “Moderate Buy” and an average target price of $46.75.

Clearfield Stock Up 0.1 %

CLFD stock opened at $29.25 on Wednesday. Clearfield, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $44.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.57 and a quick ratio of 7.41. The stock has a market capitalization of $413.36 million, a price-to-earnings ratio of -46.43 and a beta of 1.51. The business’s fifty day moving average price is $29.03 and its two-hundred day moving average price is $32.26.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.31%. On average, equities analysts anticipate that Clearfield, Inc. will post -0.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO John P. Hill sold 16,539 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $33.26, for a total value of $550,087.14. Following the transaction, the chief operating officer now owns 189,886 shares in the company, valued at approximately $6,315,608.36. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.80% of the company’s stock.

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.