Barclays PLC Increases Stock Position in Clarus Co. (NASDAQ:CLAR)

Barclays PLC lifted its holdings in shares of Clarus Co. (NASDAQ:CLAR) by 13.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,897 shares of the company’s stock after buying an additional 5,419 shares during the quarter. Barclays PLC owned about 0.12% of Clarus worth $207,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Peapod Lane Capital LLC purchased a new stake in Clarus in the 4th quarter worth approximately $2,153,000. First Eagle Investment Management LLC lifted its stake in Clarus by 34.3% in the 4th quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company’s stock worth $3,541,000 after purchasing an additional 200,500 shares in the last quarter. Cove Street Capital LLC lifted its stake in Clarus by 182.4% in the 4th quarter. Cove Street Capital LLC now owns 297,431 shares of the company’s stock worth $1,341,000 after purchasing an additional 192,099 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Clarus by 43.0% in the 4th quarter. Bank of New York Mellon Corp now owns 372,936 shares of the company’s stock worth $1,682,000 after purchasing an additional 112,099 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Clarus by 13.1% in the 4th quarter. American Century Companies Inc. now owns 548,172 shares of the company’s stock worth $2,472,000 after purchasing an additional 63,342 shares in the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Clarus Stock Performance

CLAR stock opened at $3.32 on Tuesday. Clarus Co. has a 52 week low of $3.13 and a 52 week high of $7.24. The firm’s fifty day moving average is $3.63 and its 200 day moving average is $4.27. The firm has a market cap of $127.49 million, a P/E ratio of 25.54 and a beta of 0.87.

Clarus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 19th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Monday, May 19th. Clarus’s dividend payout ratio is currently -4.83%.

Analysts Set New Price Targets

Several research firms have issued reports on CLAR. Lake Street Capital lowered their target price on shares of Clarus from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday. Stifel Nicolaus lowered their price objective on shares of Clarus from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, B. Riley lowered their price objective on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.50.

Clarus Company Profile

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.