JPMorgan Chase & Co. Has $300,000 Stock Holdings in Clarus Co. (NASDAQ:CLAR)

JPMorgan Chase & Co. increased its holdings in shares of Clarus Co. (NASDAQ:CLAR) by 393.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,675 shares of the company’s stock after buying an additional 53,150 shares during the quarter. JPMorgan Chase & Co. owned 0.17% of Clarus worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Clarus during the 3rd quarter valued at $54,000. Legacy Capital Group California Inc. raised its holdings in shares of Clarus by 32.7% during the third quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company’s stock worth $64,000 after acquiring an additional 3,521 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Clarus during the third quarter valued at $100,000. XTX Topco Ltd purchased a new position in Clarus in the third quarter valued at about $104,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Clarus in the 3rd quarter worth about $107,000. 90.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael A. Henning sold 44,600 shares of Clarus 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 transaction, the director now owns 110,400 shares of the company’s stock, valued at $492,384. This trade represents a 28.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 20.40% of the company’s stock.

Clarus Price Performance

CLAR opened at $5.00 on Friday. The company has a market capitalization of $191.80 million, a PE ratio of 38.46 and a beta of 0.84. Clarus Co. has a fifty-two week low of $3.89 and a fifty-two week high of $7.55. The business has a 50-day moving average of $4.63 and a 200-day moving average of $4.65.

Clarus (NASDAQ:CLAR) last issued 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 business had revenue of $67.12 million for the quarter, compared to the consensus estimate of $72.98 million. Clarus had a net margin of 1.80% and a negative return on equity of 2.17%. On average, equities research analysts expect that Clarus Co. will post -0.06 earnings per share for the current fiscal year.

Clarus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Monday, November 18th. Clarus’s dividend 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.