Clarus Corporation (NASDAQ:CLAR) Chairman Warren B. Kanders Buys 89,000 Shares

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 bought 89,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average price of $3.23 per share, with a total value of $287,470.00. Following the completion of the acquisition, the chairman directly owned 4,444,326 shares of the company's stock, valued at approximately $14,355,172.98. The trade was a 2.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Clarus Price Performance

Shares of Clarus stock traded down $0.02 during trading on Thursday, hitting $3.13. 396,460 shares of the company's stock traded hands, compared to its average volume of 174,246. Clarus Corporation has a 1 year low of $3.02 and a 1 year high of $5.29. The business has a 50-day simple moving average of $3.54 and a 200-day simple moving average of $3.82. The stock has a market capitalization of $120.20 million, a P/E ratio of -1.46 and a beta of 0.87.

Clarus Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new stake in Clarus in the 2nd quarter worth approximately $90,000. First Eagle Investment Management LLC boosted its stake in shares of 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 last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Clarus by 7,774.1% in the second quarter. Nisa Investment Advisors LLC now owns 8,819 shares of the company's stock worth $31,000 after acquiring an additional 8,707 shares during the period. Peapod Lane Capital LLC increased its position in Clarus by 1.3% during the second quarter. Peapod Lane Capital LLC now owns 485,220 shares of the company's stock valued at $1,684,000 after acquiring an additional 6,215 shares during the last quarter. Finally, Parthenon LLC lifted its holdings in Clarus by 32.8% in the second quarter. Parthenon LLC now owns 438,137 shares of the company's stock valued at $1,520,000 after acquiring an additional 108,097 shares during the period. Institutional investors own 90.30% of the company's stock.

Analyst Upgrades and Downgrades

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

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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