Clarus Corporation $CLAR Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its holdings in shares of Clarus Corporation (NASDAQ:CLAR) by 7.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 165,335 shares of the company’s stock after acquiring an additional 10,873 shares during the quarter. Goldman Sachs Group Inc. owned about 0.43% of Clarus worth $620,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Capital Group California Inc. boosted its position in Clarus by 31.3% during the 1st quarter. Legacy Capital Group California Inc. now owns 26,294 shares of the company’s stock worth $99,000 after acquiring an additional 6,264 shares during the period. Jane Street Group LLC acquired a new position in Clarus during the 1st quarter worth $107,000. 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 acquiring an additional 4,211 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Clarus by 9.1% in the first quarter. Gabelli Funds LLC now owns 60,000 shares of the company’s stock valued at $225,000 after buying an additional 5,000 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Clarus in the first quarter valued at $332,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital restated a “hold” rating and issued a $3.50 price objective on shares of Clarus in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4.75.

Insider Activity

In related news, Chairman Warren B. Kanders bought 89,000 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were bought at an average cost of $3.23 per share, with a total value of $287,470.00. Following the completion of the transaction, the chairman directly owned 4,444,326 shares of the company’s stock, valued at approximately $14,355,172.98. This trade represents a 2.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 22.30% of the stock is owned by company insiders.

Clarus Stock Up 3.3%

Shares of Clarus stock opened at $3.71 on Thursday. The stock’s fifty day moving average is $3.62 and its 200-day moving average is $3.55. The firm has a market capitalization of $142.47 million, a PE ratio of -1.73 and a beta of 0.86. Clarus Corporation has a 12-month low of $3.02 and a 12-month high of $5.29.

Clarus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Monday, August 11th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.7%. Clarus’s payout ratio is -4.65%.

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.