ACK Asset Management LLC Has $27.14 Million Stock Position in Clearfield, Inc. $CLFD

ACK Asset Management LLC cut its holdings in Clearfield, Inc. (NASDAQ:CLFD) by 9.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 625,200 shares of the communications equipment provider’s stock after selling 62,000 shares during the period. Clearfield makes up approximately 3.6% of ACK Asset Management LLC’s investment portfolio, making the stock its 16th largest position. ACK Asset Management LLC owned about 4.53% of Clearfield worth $27,140,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. US Bancorp DE boosted its holdings in Clearfield by 705.0% in the 1st quarter. US Bancorp DE now owns 966 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 846 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Clearfield by 2,710.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,855 shares of the communications equipment provider’s stock worth $55,000 after purchasing an additional 1,789 shares during the period. Strs Ohio acquired a new stake in shares of Clearfield in the first quarter valued at approximately $131,000. Semanteon Capital Management LP bought a new stake in shares of Clearfield in the second quarter valued at approximately $222,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Clearfield during the second quarter worth approximately $242,000. 88.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised Clearfield from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Northland Securities upgraded Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Wednesday. UBS Group reaffirmed a “buy” rating on shares of Clearfield in a research note on Wednesday. Lake Street Capital reduced their price objective on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $43.50.

Clearfield Stock Up 1.6%

Shares of CLFD stock opened at $28.47 on Friday. The business has a fifty day simple moving average of $33.65 and a 200 day simple moving average of $36.66. The company has a market cap of $393.06 million, a P/E ratio of 2,847.00 and a beta of 1.81. Clearfield, Inc. has a twelve month low of $23.78 and a twelve month high of $46.76.

Clearfield (NASDAQ:CLFD) last issued its earnings results on Tuesday, November 25th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Clearfield had a return on equity of 0.07% and a net margin of 0.11%.The firm had revenue of $17.59 million during the quarter, compared to the consensus estimate of $49.55 million. Clearfield has set its Q1 2026 guidance at -0.080-0.000 EPS. FY 2026 guidance at 0.480-0.620 EPS. As a group, equities research analysts anticipate that Clearfield, Inc. will post -0.29 earnings per share for the current fiscal year.

Clearfield announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 25th that authorizes the company to repurchase $85.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to buy up to 22% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.