AQR Capital Management LLC Reduces Holdings in Clarus Co. (NASDAQ:CLAR)

AQR Capital Management LLC reduced its stake in Clarus Co. (NASDAQ:CLAR) by 93.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,811 shares of the company’s stock after selling 155,160 shares during the quarter. AQR Capital Management LLC’s holdings in Clarus were worth $73,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CLAR. Legacy Capital Group California Inc. acquired a new position in shares of Clarus in the 2nd quarter valued at $72,000. EntryPoint Capital LLC acquired a new position in Clarus during the 1st quarter worth about $83,000. BNP Paribas Financial Markets lifted its stake in Clarus by 71.5% during 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Clarus by 30.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock worth $105,000 after purchasing an additional 3,658 shares during the period. Finally, Gabelli Funds LLC purchased a new stake in Clarus during the 1st quarter worth about $162,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Clarus Price Performance

Shares of NASDAQ:CLAR opened at $4.39 on Friday. The firm has a market capitalization of $168.40 million, a PE ratio of 24.39 and a beta of 0.83. The business has a 50-day moving average of $4.41 and a two-hundred day moving average of $5.67. Clarus Co. has a 12 month low of $3.89 and a 12 month high of $7.55.

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

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Friday, August 9th. Clarus’s dividend payout ratio is currently 55.56%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CLAR shares. B. Riley dropped their price target on Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Roth Mkm downgraded Clarus from a “buy” rating to a “neutral” rating and decreased their price target for the company from $7.50 to $6.00 in a research note on Friday, August 2nd. StockNews.com downgraded Clarus from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Finally, Roth Capital lowered Clarus from a “strong-buy” rating to a “hold” rating 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 given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.67.

Insider Activity at Clarus

In other Clarus news, Chairman Warren B. Kanders purchased 200,000 shares of Clarus stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $4.19 per share, with a total value of $838,000.00. Following the completion of the acquisition, the chairman now owns 4,045,527 shares of the company’s stock, valued at approximately $16,950,758.13. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Warren B. Kanders purchased 30,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were acquired at an average cost of $4.05 per share, for a total transaction of $121,500.00. Following the transaction, the chairman now owns 4,075,527 shares of the company’s stock, valued at $16,505,884.35. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Warren B. Kanders purchased 200,000 shares of the company’s 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 completion of the transaction, the chairman now directly 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 disclosure for this purchase can be found here. 20.40% of the stock is currently owned by company insiders.

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.