Clarus Corporation (NASDAQ:CLAR) Chairman Purchases $648,000.00 in Stock

Key Points

• Clarus Corporation's Chairman, Warren B. Kanders, purchased 200,000 shares for a total of $648,000, increasing his ownership in the company to approximately 4.35 million shares.
• The company declared a quarterly dividend of $0.025 per share, with an annualized yield of 3.2%, payable on August 20th.
• Analysts have mixed ratings on Clarus Corporation, with a consensus price target of $4.75 and various ratings including "buy", "hold", and one "sell" rating.

Clarus Corporation (NASDAQ:CLAR - Get Free Report) Chairman Warren B. Kanders bought 200,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average cost of $3.24 per share, with a total value of $648,000.00. Following the transaction, the chairman owned 4,355,326 shares in the company, valued at approximately $14,111,256.24. This represents a 4.81% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Clarus Trading Down 0.6%

NASDAQ:CLAR traded down $0.02 during trading hours on Thursday, hitting $3.13. The stock had a trading volume of 396,460 shares, compared to its average volume of 174,246. The company has a market cap of $120.20 million, a PE ratio of -1.46 and a beta of 0.87. The business has a 50 day simple moving average of $3.54 and a two-hundred day simple moving average of $3.82. Clarus Corporation has a 1-year low of $3.02 and a 1-year high of $5.29.

Clarus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, August 11th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.10 annualized dividend and a yield of 3.2%. Clarus's payout ratio is -4.65%.

Wall Street Analysts Forecast Growth

CLAR has been the subject of several research reports. Stifel Nicolaus decreased their price objective on shares of Clarus from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Roth Capital set a $3.50 target price on shares of Clarus and gave the company a "neutral" rating in a report on Wednesday, May 14th. Finally, Lake Street Capital reaffirmed a "hold" rating and set a $3.50 price target on shares of Clarus in a research report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $4.75.

Institutional Investors Weigh In On Clarus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLAR. Dimensional Fund Advisors LP boosted its position in Clarus by 12.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company's stock valued at $5,388,000 after buying an additional 134,627 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Clarus by 14.6% in the fourth quarter. Bank of America Corp DE now owns 33,093 shares of the company's stock worth $149,000 after acquiring an additional 4,211 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Clarus by 60.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 280,000 shares of the company's stock valued at $1,263,000 after purchasing an additional 105,500 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Clarus by 38.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company's stock valued at $72,000 after purchasing an additional 4,371 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Clarus by 13.4% in the fourth quarter. Barclays PLC now owns 45,897 shares of the company's stock worth $207,000 after buying an additional 5,419 shares during the last quarter. Hedge funds and other institutional investors own 90.30% of the company's stock.

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.

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