Clarus Co. (NASDAQ:CLAR) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its position in Clarus Co. (NASDAQ:CLAR) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,288 shares of the company’s stock after acquiring an additional 4,824 shares during the quarter. Empowered Funds LLC owned 0.25% of Clarus worth $429,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Clarus by 22.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company’s stock worth $5,325,000 after buying an additional 146,766 shares during the period. Builder Investment Group Inc. ADV increased its position in shares of Clarus by 97.6% during the third quarter. Builder Investment Group Inc. ADV now owns 254,280 shares of the company’s stock worth $1,144,000 after acquiring an additional 125,573 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Clarus by 67.5% in the second quarter. American Century Companies Inc. now owns 252,573 shares of the company’s stock worth $1,700,000 after acquiring an additional 101,822 shares in the last quarter. Marquette Asset Management LLC purchased a new position in Clarus in the third quarter valued at about $310,000. Finally, Sei Investments Co. purchased a new position in Clarus in the second quarter valued at about $459,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CLAR shares. Roth Capital lowered Clarus from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. B. Riley reduced their price objective on shares of 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 downgraded shares of Clarus from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $7.50 to $6.00 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 report on Saturday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.67.

Insiders Place Their Bets

In other news, Chairman Warren B. Kanders acquired 30,000 shares of Clarus stock in a transaction dated Monday, September 9th. The stock was acquired at an average cost of $4.05 per share, for a total transaction of $121,500.00. Following the completion of the purchase, the chairman now owns 4,075,527 shares of the company’s stock, valued at $16,505,884.35. This represents a 0.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael A. Henning sold 44,600 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $4.46, for a total value of $198,916.00. Following the sale, the director now owns 110,400 shares of the company’s stock, valued at approximately $492,384. The trade was a 28.77 % decrease in their position. The disclosure for this sale can be found here. Insiders own 20.40% of the company’s stock.

Clarus Trading Up 3.0 %

Shares of NASDAQ:CLAR opened at $4.51 on Monday. The firm has a market cap of $173.00 million, a P/E ratio of 34.69 and a beta of 0.83. Clarus Co. has a twelve month low of $3.89 and a twelve month high of $7.55. The company has a 50 day moving average of $4.42 and a 200-day moving average of $5.30.

Clarus (NASDAQ:CLAR) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $67.12 million for the quarter, compared to the consensus estimate of $72.98 million. Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. Equities research analysts forecast that Clarus Co. will post -0.06 EPS for the current year.

Clarus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Monday, November 18th. Clarus’s payout ratio is presently 76.93%.

Clarus Company Profile

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.