Clarus Co. (NASDAQ:CLAR) Holdings Decreased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its holdings in Clarus Co. (NASDAQ:CLAR) by 23.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,069 shares of the company’s stock after selling 3,682 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Clarus were worth $55,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CLAR. Barclays PLC increased its stake in Clarus by 263.4% in the 3rd quarter. Barclays PLC now owns 40,478 shares of the company’s stock worth $183,000 after purchasing an additional 29,340 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Clarus by 393.0% during the third quarter. JPMorgan Chase & Co. now owns 66,675 shares of the company’s stock worth $300,000 after purchasing an additional 53,150 shares during the period. Empowered Funds LLC lifted its holdings in shares of Clarus by 5.1% during the fourth quarter. Empowered Funds LLC now owns 100,168 shares of the company’s stock worth $452,000 after buying an additional 4,880 shares during the last quarter. Peapod Lane Capital LLC acquired a new position in shares of Clarus during the fourth quarter worth approximately $2,153,000. Finally, Legacy Capital Group California Inc. increased its position in shares of Clarus by 40.3% during the fourth quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company’s stock valued at $90,000 after purchasing an additional 5,749 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Stock Performance

NASDAQ:CLAR opened at $3.27 on Monday. The company has a market cap of $125.57 million, a PE ratio of 25.16 and a beta of 0.87. Clarus Co. has a 52-week low of $3.13 and a 52-week high of $7.13. The stock has a 50-day simple moving average of $3.56 and a 200 day simple moving average of $4.24.

Clarus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.10 dividend on an annualized basis and a yield of 3.06%. Clarus’s dividend payout ratio is -4.83%.

Wall Street Analyst Weigh In

CLAR has been the topic of a number of research reports. Lake Street Capital lowered their price objective on Clarus from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus cut their target price on Clarus from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, B. Riley cut their target price on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.