Jane Street Group LLC Sells 10,667 Shares of Clarus Co. (NASDAQ:CLAR)

Jane Street Group LLC lowered its stake in shares of Clarus Co. (NASDAQ:CLAR) by 29.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,955 shares of the company’s stock after selling 10,667 shares during the quarter. Jane Street Group LLC owned 0.07% of Clarus worth $112,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Clarus in the third quarter worth about $54,000. Legacy Capital Group California Inc. grew its stake in shares of Clarus by 32.7% during the 3rd quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company’s stock valued at $64,000 after purchasing an additional 3,521 shares during the period. Quadrature Capital Ltd bought a new position in shares of Clarus in the third quarter worth about $100,000. Proficio Capital Partners LLC bought a new stake in Clarus during the third quarter valued at about $153,000. Finally, Rhumbline Advisers boosted its holdings in shares of Clarus by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 45,658 shares of the company’s stock valued at $307,000 after purchasing an additional 2,545 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

Insider Buying and Selling at Clarus

In other Clarus news, Director Michael A. Henning sold 44,600 shares of Clarus stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total transaction of $198,916.00. Following the completion of the sale, the director now directly owns 110,400 shares of the company’s stock, valued at $492,384. The trade was a 28.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.40% of the stock is owned by company insiders.

Clarus Stock Performance

Shares of Clarus stock opened at $4.44 on Wednesday. The stock has a 50 day moving average price of $4.57 and a 200-day moving average price of $4.75. Clarus Co. has a one year low of $3.89 and a one year high of $7.55. The stock has a market cap of $170.33 million, a price-to-earnings ratio of 34.16 and a beta of 0.84.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $67.12 million for the quarter, compared to analyst estimates of $72.98 million. Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. Sell-side analysts predict that Clarus Co. will post -0.06 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Monday, November 18th. Clarus’s payout ratio is 76.92%.

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.