Clarus’ (CLAR) Hold Rating Reiterated at Lake Street Capital

Lake Street Capital reissued their hold rating on shares of Clarus (NASDAQ:CLAR) in a report published on Friday morning, Marketbeat reports. The firm currently has a $3.50 price objective on the stock.

CLAR has been the subject of a number of other reports. Stifel Nicolaus dropped their price target on Clarus from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Roth Capital set a $3.50 price target on Clarus and gave the company a “neutral” rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.75.

Clarus Price Performance

CLAR stock opened at $3.16 on Friday. The business has a 50 day simple moving average of $3.54 and a 200-day simple moving average of $3.83. The firm has a market capitalization of $121.34 million, a PE ratio of -1.47 and a beta of 0.87. Clarus has a 1 year low of $3.02 and a 1 year high of $5.29.

Clarus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, August 11th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, August 11th. Clarus’s payout ratio is presently -4.65%.

Insider Activity at Clarus

In other news, Chairman Warren B. Kanders purchased 10,394 shares of Clarus stock in a transaction dated Monday, June 23rd. The shares were purchased at an average price of $3.48 per share, with a total value of $36,171.12. Following the transaction, the chairman owned 4,155,326 shares in the company, valued at $14,460,534.48. This represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.40% of the company’s stock.

Institutional Trading of Clarus

Institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in Clarus by 7,774.1% in the second quarter. Nisa Investment Advisors LLC now owns 8,819 shares of the company’s stock valued at $31,000 after purchasing an additional 8,707 shares during the period. Peapod Lane Capital LLC raised its position in Clarus by 1.3% in the second quarter. Peapod Lane Capital LLC now owns 485,220 shares of the company’s stock valued at $1,684,000 after purchasing an additional 6,215 shares during the period. Parthenon LLC raised its position in Clarus by 32.8% in the second quarter. Parthenon LLC now owns 438,137 shares of the company’s stock valued at $1,520,000 after purchasing an additional 108,097 shares during the period. Abel Hall LLC purchased a new stake in Clarus in the second quarter valued at approximately $37,000. Finally, Goldman Sachs Group Inc. raised its position in Clarus by 7.0% in the first quarter. Goldman Sachs Group Inc. now owns 165,335 shares of the company’s stock valued at $620,000 after purchasing an additional 10,873 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

About Clarus

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.