Warren B. Kanders Purchases 89,000 Shares of Clarus Corporation (NASDAQ:CLAR) Stock

Key Points

• Warren B. Kanders, Chairman of Clarus Corporation, purchased 89,000 shares at an average price of $3.23, increasing his total ownership to approximately $14.36 million.
• Clarus recently announced a quarterly dividend of $0.025 per share, with a dividend yield of 3.2%, set to be paid on August 20th to shareholders of record.
• Institutional investors own about 90.30% of Clarus’s stock, with recent activity indicating varied adjustments in positions among major hedge funds.

Clarus Corporation (NASDAQ:CLAR - Get Free Report) Chairman Warren B. Kanders acquired 89,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of $3.23 per share, for a total transaction of $287,470.00. Following the completion of the purchase, the chairman directly owned 4,444,326 shares in the company, valued at $14,355,172.98. The trade was a 2.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Clarus Stock Down 4.2%

CLAR stock traded down $0.15 on Monday, reaching $3.29. 17,939 shares of the company's stock were exchanged, compared to its average volume of 174,153. Clarus Corporation has a twelve month low of $3.02 and a twelve month high of $5.29. The stock has a fifty day moving average of $3.55 and a 200-day moving average of $3.78. The firm has a market cap of $126.14 million, a PE ratio of -1.54 and a beta of 0.87.

Clarus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, August 11th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, August 11th. Clarus's dividend payout ratio (DPR) is -4.65%.

Hedge Funds Weigh In On Clarus

Several institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in shares of Clarus by 7,774.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,819 shares of the company's stock valued at $31,000 after acquiring an additional 8,707 shares during the last quarter. Abel Hall LLC acquired a new stake in Clarus in the second quarter valued at approximately $37,000. Envestnet Asset Management Inc. lifted its holdings in Clarus by 38.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company's stock valued at $72,000 after buying an additional 4,371 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Clarus by 19.6% during the second quarter. PNC Financial Services Group Inc. now owns 23,415 shares of the company's stock worth $81,000 after acquiring an additional 3,845 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Clarus by 26.6% during the fourth quarter. Wells Fargo & Company MN now owns 18,119 shares of the company's stock worth $82,000 after purchasing an additional 3,810 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CLAR has been the topic of a number of recent analyst reports. Lake Street Capital reissued a "hold" rating and set a $3.50 price target on shares of Clarus in a research report on Friday, August 1st. Roth Capital set a $3.50 price target on shares of Clarus and gave the company a "neutral" rating in a report on Wednesday, May 14th.

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.