Rhumbline Advisers Sells 612 Shares of Clearfield, Inc. (NASDAQ:CLFD)

Rhumbline Advisers lowered its position in Clearfield, Inc. (NASDAQ:CLFD) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,029 shares of the communications equipment provider’s stock after selling 612 shares during the period. Rhumbline Advisers owned 0.14% of Clearfield worth $621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Clearfield during the 3rd quarter valued at $53,000. Truvestments Capital LLC acquired a new stake in shares of Clearfield in the third quarter valued at $80,000. SG Americas Securities LLC raised its holdings in shares of Clearfield by 45.5% in the fourth quarter. SG Americas Securities LLC now owns 5,297 shares of the communications equipment provider’s stock valued at $164,000 after buying an additional 1,656 shares during the last quarter. Easterly Investment Partners LLC lifted its position in Clearfield by 31.3% during the 3rd quarter. Easterly Investment Partners LLC now owns 11,632 shares of the communications equipment provider’s stock worth $453,000 after buying an additional 2,774 shares in the last quarter. Finally, Bard Associates Inc. grew its holdings in Clearfield by 6.5% during the 3rd quarter. Bard Associates Inc. now owns 12,220 shares of the communications equipment provider’s stock worth $476,000 after acquiring an additional 741 shares during the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clearfield

In other news, COO John P. Hill sold 16,539 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $33.26, for a total transaction of $550,087.14. Following the completion of the transaction, the chief operating officer now directly owns 189,886 shares in the company, valued at approximately $6,315,608.36. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CLFD. StockNews.com raised shares of Clearfield from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Clearfield in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Clearfield presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Clearfield Stock Down 3.7 %

Shares of NASDAQ CLFD opened at $28.66 on Friday. The company has a current ratio of 10.57, a quick ratio of 7.41 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $405.02 million, a PE ratio of -45.49 and a beta of 1.28. The firm’s 50-day moving average is $34.46 and its 200-day moving average is $34.82. Clearfield, Inc. has a 1 year low of $27.06 and a 1 year high of $44.83.

Clearfield (NASDAQ:CLFD) last released its earnings results on Thursday, February 6th. The communications equipment provider reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.31%. Equities analysts expect that Clearfield, Inc. will post -0.29 EPS for the current year.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.