Clearfield, Inc. (NASDAQ:CLFD) Shares Sold by Mariner LLC

Mariner LLC trimmed its stake in shares of Clearfield, Inc. (NASDAQ:CLFD) by 30.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,905 shares of the communications equipment provider’s stock after selling 4,733 shares during the quarter. Mariner LLC owned 0.08% of Clearfield worth $338,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CLFD. KLP Kapitalforvaltning AS acquired a new position in shares of Clearfield during the fourth quarter worth about $74,000. Quantbot Technologies LP increased its position in shares of Clearfield by 261.4% in the 4th quarter. Quantbot Technologies LP now owns 4,879 shares of the communications equipment provider’s stock valued at $151,000 after purchasing an additional 3,529 shares during the last quarter. SG Americas Securities LLC raised its holdings 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 purchasing an additional 1,656 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Clearfield in the 4th quarter valued at $233,000. Finally, Wells Fargo & Company MN lifted its position in shares of Clearfield by 25.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,720 shares of the communications equipment provider’s stock worth $239,000 after purchasing an additional 1,544 shares during the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Clearfield in a report on Wednesday, March 26th. StockNews.com upgraded Clearfield from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Insider Activity

In other Clearfield news, COO John P. Hill sold 16,539 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $33.26, for a total transaction of $550,087.14. Following the transaction, the chief operating officer now directly owns 189,886 shares of the company’s stock, valued at approximately $6,315,608.36. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 17.80% of the company’s stock.

Clearfield Stock Performance

NASDAQ CLFD opened at $31.12 on Friday. The company has a fifty day moving average of $28.91 and a two-hundred day moving average of $32.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.57 and a quick ratio of 7.41. Clearfield, Inc. has a 1 year low of $23.78 and a 1 year high of $44.83. The company has a market capitalization of $439.79 million, a PE ratio of -49.40 and a beta of 1.61.

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

Clearfield Profile

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.