Clear Secure, Inc. (NYSE:YOU) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Clear Secure, Inc. (NYSE:YOU) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243,596 shares of the company’s stock after selling 4,470 shares during the quarter. Rhumbline Advisers owned 0.17% of Clear Secure worth $6,489,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Clear Secure in the third quarter worth approximately $26,000. GAMMA Investing LLC boosted its stake in Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares during the period. KBC Group NV purchased a new position in Clear Secure during the 3rd quarter worth approximately $90,000. Blue Trust Inc. raised its stake in Clear Secure by 376.0% during the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock valued at $91,000 after purchasing an additional 2,696 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Clear Secure during the 3rd quarter valued at $203,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Stock Performance

NYSE:YOU opened at $22.26 on Thursday. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The stock has a fifty day moving average price of $24.95 and a 200-day moving average price of $28.48. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 25.88 and a beta of 1.38.

Clear Secure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure’s dividend payout ratio is currently 58.14%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on YOU shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a research note on Friday, February 21st. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, December 16th. Finally, Wedbush reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Clear Secure currently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

Clear Secure Company Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.