Jane Street Group LLC Cuts Stock Holdings in Clearfield, Inc. (NASDAQ:CLFD)

Jane Street Group LLC decreased its position in shares of Clearfield, Inc. (NASDAQ:CLFD) by 38.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,623 shares of the communications equipment provider’s stock after selling 17,433 shares during the period. Jane Street Group LLC owned 0.19% of Clearfield worth $1,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in shares of Clearfield by 8.3% in the third quarter. SG Americas Securities LLC now owns 3,641 shares of the communications equipment provider’s stock worth $142,000 after purchasing an additional 279 shares during the last quarter. Creative Planning boosted its holdings in Clearfield by 0.5% in the 3rd quarter. Creative Planning now owns 98,599 shares of the communications equipment provider’s stock valued at $3,841,000 after purchasing an additional 511 shares during the last quarter. Bard Associates Inc. raised its position in shares of Clearfield by 6.5% during the 3rd quarter. Bard Associates Inc. now owns 12,220 shares of the communications equipment provider’s stock valued at $476,000 after buying an additional 741 shares during the period. Janus Henderson Group PLC lifted its holdings in Clearfield by 2.7% in the third quarter. Janus Henderson Group PLC now owns 30,062 shares of the communications equipment provider’s stock valued at $1,171,000 after acquiring an additional 794 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Clearfield in the third quarter worth approximately $53,000. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Clearfield Stock Performance

Shares of Clearfield stock opened at $31.23 on Tuesday. The firm has a market capitalization of $446.25 million, a P/E ratio of -36.74 and a beta of 1.28. Clearfield, Inc. has a 52 week low of $24.78 and a 52 week high of $44.83. The company has a quick ratio of 6.69, a current ratio of 9.43 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $32.46 and its two-hundred day moving average is $36.36.

Clearfield (NASDAQ:CLFD) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Clearfield had a negative net margin of 7.47% and a negative return on equity of 4.41%. The business had revenue of $46.80 million for the quarter, compared to analyst estimates of $41.95 million. During the same period last year, the firm posted $0.17 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. Research analysts forecast that Clearfield, Inc. will post -0.16 EPS for the current fiscal year.

Insider Transactions at Clearfield

In related news, Chairman Ronald G. Roth acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $31.00 per share, for a total transaction of $155,000.00. Following the transaction, the chairman now owns 1,266,796 shares in the company, valued at $39,270,676. This trade represents a 0.40 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Clearfield in a research report on Friday, November 8th. StockNews.com downgraded Clearfield from a “hold” rating to a “sell” rating in a research report on Saturday, December 14th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, Clearfield presently has an average rating of “Moderate Buy” and an average target price 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.