Squarepoint Ops LLC Has $47,000 Stock Holdings in Clarus Co. (NASDAQ:CLAR)

Squarepoint Ops LLC lessened its holdings in Clarus Co. (NASDAQ:CLAR) by 76.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,360 shares of the company’s stock after selling 33,838 shares during the period. Squarepoint Ops LLC’s holdings in Clarus were worth $47,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sandia Investment Management LP increased its stake in shares of Clarus by 102.9% in the fourth quarter. Sandia Investment Management LP now owns 68,943 shares of the company’s stock worth $311,000 after acquiring an additional 34,960 shares during the last quarter. CastleKnight Management LP increased its stake in shares of Clarus by 59.3% in the fourth quarter. CastleKnight Management LP now owns 318,100 shares of the company’s stock worth $1,435,000 after acquiring an additional 118,413 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Clarus by 14.6% in the fourth quarter. Bank of America Corp DE now owns 33,093 shares of the company’s stock worth $149,000 after acquiring an additional 4,211 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Clarus by 5.9% in the fourth quarter. Stifel Financial Corp now owns 316,831 shares of the company’s stock worth $1,429,000 after acquiring an additional 17,602 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Clarus by 12.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company’s stock worth $5,388,000 after acquiring an additional 134,627 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CLAR shares. B. Riley dropped their price target on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Stifel Nicolaus cut their price target on shares of Clarus from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Lake Street Capital cut their price target on shares of Clarus from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Finally, Roth Capital set a $3.50 price target on shares of Clarus and gave the company a “neutral” rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Clarus presently has a consensus rating of “Hold” and an average target price of $5.10.

Clarus Price Performance

Clarus stock opened at $3.53 on Wednesday. The company has a market capitalization of $135.56 million, a price-to-earnings ratio of 27.16 and a beta of 0.85. Clarus Co. has a one year low of $3.02 and a one year high of $7.07. The company’s fifty day moving average price is $3.33 and its two-hundred day moving average price is $4.10.

Clarus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Monday, May 19th. Clarus’s dividend payout ratio (DPR) is -4.83%.

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.