Clarus Co. (NASDAQ:CLAR) Position Raised by Rhumbline Advisers

Rhumbline Advisers raised its stake in Clarus Co. (NASDAQ:CLAR) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,658 shares of the company’s stock after buying an additional 2,545 shares during the period. Rhumbline Advisers owned approximately 0.12% of Clarus worth $307,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Capital Group California Inc. acquired a new position in Clarus during the second quarter worth $72,000. EntryPoint Capital LLC acquired a new stake in Clarus during the 1st quarter worth $83,000. BNP Paribas Financial Markets boosted its position in shares of Clarus by 71.5% during the first quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock worth $101,000 after purchasing an additional 6,213 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Clarus by 30.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after acquiring an additional 3,658 shares in the last quarter. Finally, Olympiad Research LP lifted its position in Clarus by 54.4% in the 4th quarter. Olympiad Research LP now owns 19,580 shares of the company’s stock valued at $135,000 after acquiring an additional 6,898 shares in the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of Clarus from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Roth Capital cut shares of Clarus from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. B. Riley reduced their price target on shares of Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Roth Mkm lowered shares of Clarus from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $7.50 to $6.00 in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.67.

Insider Transactions at Clarus

In related news, Chairman Warren B. Kanders bought 30,000 shares of the stock in a transaction on Monday, September 9th. The shares were acquired at an average price of $4.05 per share, for a total transaction of $121,500.00. Following the purchase, the chairman now owns 4,075,527 shares of the company’s stock, valued at $16,505,884.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Clarus news, Chairman Warren B. Kanders acquired 30,000 shares of the stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $4.05 per share, for a total transaction of $121,500.00. Following the purchase, the chairman now directly owns 4,075,527 shares of the company’s stock, valued at $16,505,884.35. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Warren B. Kanders acquired 200,000 shares of Clarus stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $4.19 per share, for a total transaction of $838,000.00. Following the transaction, the chairman now owns 4,045,527 shares of the company’s stock, valued at $16,950,758.13. The disclosure for this purchase can be found here. Insiders own 22.40% of the company’s stock.

Clarus Price Performance

Shares of Clarus stock opened at $4.62 on Friday. Clarus Co. has a 1 year low of $3.89 and a 1 year high of $7.59. The firm has a market cap of $177.22 million, a PE ratio of 17.77 and a beta of 0.83. The company has a 50 day simple moving average of $4.75 and a two-hundred day simple moving average of $5.93.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $56.48 million during the quarter, compared to the consensus estimate of $59.28 million. Clarus had a negative return on equity of 0.75% and a net margin of 2.23%. During the same quarter in the previous year, the firm posted $0.07 earnings per share. As a group, research analysts anticipate that Clarus Co. will post 0.02 earnings per share for the current year.

Clarus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Friday, August 9th. Clarus’s dividend payout ratio is presently 38.46%.

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.