Charles Schwab Investment Management Inc. Has $351,000 Holdings in Clarus Corporation $CLAR

Charles Schwab Investment Management Inc. lifted its holdings in Clarus Corporation (NASDAQ:CLAR) by 29.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,643 shares of the company’s stock after acquiring an additional 21,508 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.24% of Clarus worth $351,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Clarus by 26.6% during the fourth quarter. Wells Fargo & Company MN now owns 18,119 shares of the company’s stock worth $82,000 after buying an additional 3,810 shares in the last quarter. Bank of America Corp DE boosted its position in Clarus by 14.6% during the 4th quarter. Bank of America Corp DE now owns 33,093 shares of the company’s stock worth $149,000 after buying an additional 4,211 shares during the period. Envestnet Asset Management Inc. boosted its position in Clarus by 38.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company’s stock worth $72,000 after buying an additional 4,371 shares during the period. Barclays PLC boosted its position in Clarus by 13.4% during the 4th quarter. Barclays PLC now owns 45,897 shares of the company’s stock worth $207,000 after buying an additional 5,419 shares during the period. Finally, Legacy Capital Group California Inc. lifted its position in shares of Clarus by 31.3% in the 1st quarter. Legacy Capital Group California Inc. now owns 26,294 shares of the company’s stock worth $99,000 after purchasing an additional 6,264 shares during the period. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Clarus Stock Down 0.6%

Shares of CLAR opened at $3.48 on Thursday. The business’s 50-day moving average price is $3.56 and its 200-day moving average price is $3.64. Clarus Corporation has a twelve month low of $3.02 and a twelve month high of $5.29. The stock has a market cap of $133.63 million, a PE ratio of -1.62 and a beta of 0.86.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Monday, August 11th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 11th. Clarus’s dividend payout ratio is -4.65%.

Wall Street Analysts Forecast Growth

CLAR has been the topic of a number of recent analyst reports. Roth Capital set a $3.50 price target on shares of Clarus and gave the stock a “neutral” rating in a research report on Wednesday, May 14th. Lake Street Capital reissued a “hold” rating and issued a $3.50 price target on shares of Clarus in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Clarus currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.75.

Insider Buying and Selling at Clarus

In related news, Chairman Warren B. Kanders acquired 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average cost of $3.24 per share, for a total transaction of $648,000.00. Following the completion of the transaction, the chairman owned 4,355,326 shares in the company, valued at approximately $14,111,256.24. This trade represents a 4.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 300,399 shares of company stock valued at $975,159 in the last quarter. 22.30% of the stock is currently owned by corporate insiders.

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.