Clarus Co. (NASDAQ:CLAR) Stake Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Clarus Co. (NASDAQ:CLAR) by 22.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 791,275 shares of the company’s stock after buying an additional 146,766 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.06% of Clarus worth $5,325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Capital Group California Inc. bought a new stake in Clarus in the 2nd quarter valued at about $72,000. EntryPoint Capital LLC bought a new stake in shares of Clarus during the first quarter valued at approximately $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 buying an additional 6,213 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings 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 worth $105,000 after buying an additional 3,658 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new stake in Clarus in the 1st quarter valued at approximately $162,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Stock Up 0.7 %

NASDAQ:CLAR opened at $4.42 on Wednesday. The business’s 50-day moving average price is $4.52 and its 200 day moving average price is $5.80. Clarus Co. has a 52-week low of $3.89 and a 52-week high of $7.55. The firm has a market cap of $169.28 million, a P/E ratio of 17.00 and a beta of 0.83.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter. Clarus had a negative return on equity of 0.75% and a net margin of 2.23%. The business had revenue of $56.48 million during the quarter, compared to analyst estimates of $59.28 million. During the same period in the prior year, the firm earned $0.07 EPS. Sell-side analysts expect that Clarus Co. will post 0.02 EPS for the current year.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, August 9th. Clarus’s dividend payout ratio is presently 38.46%.

Insider Transactions at Clarus

In related news, Chairman Warren B. Kanders purchased 200,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $4.19 per share, with a total value of $838,000.00. Following the purchase, the chairman now owns 4,045,527 shares of the company’s stock, valued at $16,950,758.13. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman Warren B. Kanders acquired 200,000 shares of the stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $4.19 per share, for a total transaction of $838,000.00. Following the transaction, the chairman now owns 4,045,527 shares in the company, valued at approximately $16,950,758.13. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Warren B. Kanders bought 30,000 shares of Clarus stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $4.05 per share, with a total value of $121,500.00. Following the acquisition, the chairman now directly owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 22.40% of the stock is owned by insiders.

Analyst Ratings Changes

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

Clarus 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.