Dana Investment Advisors Inc. Grows Stake in Clearfield, Inc. $CLFD

Dana Investment Advisors Inc. increased its position in shares of Clearfield, Inc. (NASDAQ:CLFD) by 16.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 129,828 shares of the communications equipment provider’s stock after purchasing an additional 17,988 shares during the quarter. Dana Investment Advisors Inc. owned 0.94% of Clearfield worth $4,463,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CLFD. Vanguard Group Inc. increased its position in shares of Clearfield by 0.4% in the third quarter. Vanguard Group Inc. now owns 940,004 shares of the communications equipment provider’s stock valued at $32,317,000 after buying an additional 4,139 shares in the last quarter. Royal Bank of Canada grew its stake in Clearfield by 6.2% in the 1st quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock valued at $8,020,000 after acquiring an additional 15,659 shares during the last quarter. G2 Investment Partners Management LLC acquired a new stake in Clearfield in the 2nd quarter valued at about $10,022,000. Boothbay Fund Management LLC purchased a new position in Clearfield during the 2nd quarter valued at about $2,307,000. Finally, Bank of America Corp DE raised its position in Clearfield by 71.3% during the second quarter. Bank of America Corp DE now owns 52,875 shares of the communications equipment provider’s stock worth $2,295,000 after acquiring an additional 22,003 shares during the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Donald R. Hayward sold 3,595 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $32.00, for a total transaction of $115,040.00. Following the completion of the transaction, the director owned 10,870 shares of the company’s stock, valued at approximately $347,840. This represents a 24.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Ronald G. Roth purchased 10,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were bought at an average cost of $30.06 per share, for a total transaction of $300,600.00. Following the purchase, the chairman owned 1,279,264 shares of the company’s stock, valued at $38,454,675.84. This trade represents a 0.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 17.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CLFD shares. Needham & Company LLC lowered their price target on shares of Clearfield from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Wall Street Zen lowered Clearfield from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Lake Street Capital lowered their target price on Clearfield from $52.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. UBS Group reissued a “buy” rating on shares of Clearfield in a report on Wednesday, November 26th. Finally, Zacks Research downgraded Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

Clearfield Stock Up 3.5%

Shares of Clearfield stock opened at $32.73 on Wednesday. Clearfield, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $46.76. The business’s fifty day moving average is $30.74 and its two-hundred day moving average is $32.05. The firm has a market cap of $448.07 million, a PE ratio of -66.80 and a beta of 1.94.

Clearfield (NASDAQ:CLFD) last released its earnings results on Wednesday, February 4th. The communications equipment provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. Clearfield had a positive return on equity of 1.72% and a negative net margin of 3.93%.The firm had revenue of $34.34 million during the quarter, compared to analyst estimates of $31.77 million. Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100–0.020 EPS. Equities research analysts anticipate that Clearfield, Inc. will post -0.29 EPS for the current year.

Clearfield declared that its Board of Directors has authorized a share buyback plan on Tuesday, November 25th that permits the company to repurchase $85.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to reacquire up to 22% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

About Clearfield

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.