Clarus Corporation (NASDAQ:CLAR) Chairman Warren B. Kanders Purchases 200,000 Shares

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 acquired 200,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was bought at an average cost of $3.24 per share, for a total transaction of $648,000.00. Following the transaction, the chairman owned 4,355,326 shares of the company's stock, valued at approximately $14,111,256.24. This trade represents a 4.81% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Clarus Stock Down 4.2%

Shares of Clarus stock traded down $0.15 during midday trading on Monday, hitting $3.29. The company's stock had a trading volume of 17,939 shares, compared to its average volume of 174,153. The firm has a market capitalization of $126.14 million, a P/E ratio of -1.54 and a beta of 0.87. Clarus Corporation has a 1-year low of $3.02 and a 1-year high of $5.29. The stock has a 50-day simple moving average of $3.55 and a 200-day simple moving average of $3.78.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, August 11th. Clarus's dividend payout ratio is -4.65%.

Hedge Funds Weigh In On Clarus

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in Clarus by 19.6% in the second quarter. PNC Financial Services Group Inc. now owns 23,415 shares of the company's stock valued at $81,000 after buying an additional 3,845 shares during the period. Los Angeles Capital Management LLC bought a new position in Clarus in the 2nd quarter worth approximately $90,000. First Eagle Investment Management LLC boosted its holdings in Clarus by 3.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 957,475 shares of the company's stock worth $3,322,000 after buying an additional 30,500 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Clarus by 7,774.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,819 shares of the company's stock valued at $31,000 after purchasing an additional 8,707 shares during the period. Finally, Peapod Lane Capital LLC boosted its holdings in Clarus by 1.3% in the 2nd quarter. Peapod Lane Capital LLC now owns 485,220 shares of the company's stock valued at $1,684,000 after purchasing an additional 6,215 shares during the period. Institutional investors own 90.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CLAR. Roth Capital set a $3.50 target price on shares of Clarus and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Lake Street Capital reaffirmed a "hold" rating and issued a $3.50 target price on shares of Clarus in a research report on Friday, August 1st.

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.