First Eagle Investment Management LLC Purchases 18,848 Shares of Clarus Co. (NASDAQ:CLAR)

First Eagle Investment Management LLC lifted its position in Clarus Co. (NASDAQ:CLAR) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 547,578 shares of the company’s stock after buying an additional 18,848 shares during the quarter. First Eagle Investment Management LLC owned about 1.43% of Clarus worth $3,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CLAR. Rhumbline Advisers lifted its holdings in shares of Clarus by 5.9% during the second quarter. Rhumbline Advisers now owns 45,658 shares of the company’s stock worth $307,000 after buying an additional 2,545 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Clarus by 30.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock worth $105,000 after acquiring an additional 3,658 shares during the period. BNP Paribas Financial Markets boosted its holdings in Clarus by 71.5% in the 1st quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock valued at $101,000 after purchasing an additional 6,213 shares during the period. Olympiad Research LP grew its position in Clarus by 54.4% in the 4th quarter. Olympiad Research LP now owns 19,580 shares of the company’s stock worth $135,000 after purchasing an additional 6,898 shares during the last quarter. Finally, Old West Investment Management LLC increased its holdings in shares of Clarus by 8.2% during the 2nd quarter. Old West Investment Management LLC now owns 115,652 shares of the company’s stock worth $778,000 after purchasing an additional 8,800 shares during the period. 90.30% of the stock is owned by institutional investors.

Insider Transactions at Clarus

In other Clarus news, Chairman Warren B. Kanders purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average cost of $4.05 per share, with a total value of $121,500.00. Following the acquisition, the chairman now directly owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other Clarus news, Chairman Warren B. Kanders bought 30,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $4.05 per share, for a total transaction of $121,500.00. Following the completion of the acquisition, the chairman now owns 4,075,527 shares of the company’s stock, valued at $16,505,884.35. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Warren B. Kanders purchased 200,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $4.19 per share, with a total value of $838,000.00. Following the completion of the acquisition, the chairman now directly owns 4,045,527 shares of the company’s stock, valued at $16,950,758.13. The disclosure for this purchase can be found here. 22.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on CLAR. B. Riley lowered 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 lowered Clarus from a “buy” rating to a “neutral” rating and cut their target price for the company from $7.50 to $6.00 in a research note on Friday, August 2nd. Roth Capital cut Clarus from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, StockNews.com cut shares of Clarus from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.67.

Clarus Price Performance

Clarus stock opened at $4.67 on Friday. The business has a 50 day simple moving average of $4.89 and a 200 day simple moving average of $5.97. The company has a market capitalization of $179.14 million, a PE ratio of 17.96 and a beta of 0.83. Clarus Co. has a one year low of $3.89 and a one year high of $7.59.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter. Clarus had a net margin of 2.23% and a negative return on equity of 0.75%. The company had revenue of $56.48 million for the quarter, compared to the consensus estimate of $59.28 million. During the same period in the previous year, the business posted $0.07 earnings per share. Equities analysts anticipate that Clarus Co. will post 0.02 earnings per share for the current fiscal year.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, August 9th. Clarus’s dividend payout ratio (DPR) is currently 38.46%.

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.