Quantbot Technologies LP Grows Stock Holdings in Clearfield, Inc. (NASDAQ:CLFD)

Quantbot Technologies LP grew its stake in shares of Clearfield, Inc. (NASDAQ:CLFD) by 261.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,879 shares of the communications equipment provider’s stock after acquiring an additional 3,529 shares during the period. Quantbot Technologies LP’s holdings in Clearfield were worth $151,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in Clearfield by 164.2% during the 3rd quarter. Barclays PLC now owns 87,971 shares of the communications equipment provider’s stock worth $3,428,000 after purchasing an additional 54,670 shares in the last quarter. Drum Hill Capital LLC purchased a new stake in shares of Clearfield in the fourth quarter worth about $1,539,000. Raymond James Financial Inc. purchased a new stake in shares of Clearfield in the fourth quarter worth about $721,000. Skylands Capital LLC bought a new position in shares of Clearfield in the fourth quarter valued at approximately $645,000. Finally, Royce & Associates LP grew its stake in Clearfield by 3.1% during the fourth quarter. Royce & Associates LP now owns 478,809 shares of the communications equipment provider’s stock valued at $14,843,000 after acquiring an additional 14,464 shares in the last quarter. 88.73% of the stock is owned by institutional investors.

Clearfield Price Performance

Shares of NASDAQ:CLFD opened at $29.93 on Monday. The company’s fifty day moving average price is $33.17 and its 200-day moving average price is $34.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.57 and a quick ratio of 7.41. The firm has a market capitalization of $422.97 million, a price-to-earnings ratio of -47.51 and a beta of 1.26. Clearfield, Inc. has a one year low of $26.94 and a one 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, beating analysts’ consensus estimates of ($0.26) by $0.13. Clearfield had a negative return on equity of 3.31% and a negative net margin of 5.41%. On average, equities research analysts anticipate that Clearfield, Inc. will post -0.29 earnings per share for the current fiscal year.

Insider Activity at Clearfield

In related news, COO John P. Hill sold 16,539 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $33.26, for a total transaction of $550,087.14. Following the transaction, the chief operating officer now owns 189,886 shares of the company’s stock, valued at approximately $6,315,608.36. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

CLFD has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Clearfield in a research note on Wednesday, March 26th. StockNews.com raised Clearfield from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.75.

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.