Marquette Asset Management LLC Purchases New Holdings in Clarus Co. (NASDAQ:CLAR)

Marquette Asset Management LLC acquired a new position in shares of Clarus Co. (NASDAQ:CLAR) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 68,896 shares of the company’s stock, valued at approximately $310,000. Marquette Asset Management LLC owned 0.18% of Clarus at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Capital Group California Inc. acquired a new stake in shares of Clarus during the second quarter worth $72,000. EntryPoint Capital LLC acquired a new stake in shares of Clarus in the 1st quarter worth $83,000. BNP Paribas Financial Markets lifted its stake in shares of Clarus by 71.5% in the 1st quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock worth $101,000 after acquiring an additional 6,213 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Clarus by 30.8% in the first 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, Gabelli Funds LLC acquired a new position in shares of Clarus during the first quarter worth about $162,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Clarus Trading Up 0.7 %

Shares of Clarus stock opened at $4.42 on Wednesday. The company has a 50-day moving average of $4.52 and a two-hundred day moving average of $5.80. The stock has a market cap of $169.28 million, a PE ratio of 17.00 and a beta of 0.83. Clarus Co. has a 12-month low of $3.89 and a 12-month high of $7.55.

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

Clarus Dividend Announcement

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

Insider Activity at Clarus

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

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.