Bank of New York Mellon Corp Has $1.68 Million Position in Clarus Co. (NASDAQ:CLAR)

Bank of New York Mellon Corp lifted its holdings in shares of Clarus Co. (NASDAQ:CLAR) by 43.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,936 shares of the company’s stock after purchasing an additional 112,099 shares during the quarter. Bank of New York Mellon Corp owned 0.97% of Clarus worth $1,682,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CLAR. Quantbot Technologies LP acquired a new stake in shares of Clarus during the third quarter worth about $54,000. Legacy Capital Group California Inc. raised its position in Clarus by 40.3% in the 4th quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company’s stock valued at $90,000 after buying an additional 5,749 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Clarus in the 3rd quarter valued at approximately $100,000. XTX Topco Ltd acquired a new stake in Clarus in the 3rd quarter valued at approximately $104,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Clarus in the 3rd quarter valued at approximately $107,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CLAR shares. Lake Street Capital dropped their target price on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. B. Riley dropped their target price on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.33.

Clarus Stock Down 1.5 %

NASDAQ:CLAR opened at $3.89 on Friday. The firm has a market capitalization of $149.23 million, a price-to-earnings ratio of 29.93 and a beta of 0.82. Clarus Co. has a twelve month low of $3.86 and a twelve month high of $7.55. The stock’s 50 day moving average price is $4.56 and its two-hundred day moving average price is $4.51.

Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Monday, March 17th. Clarus’s dividend payout ratio (DPR) is -7.35%.

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.