Clarus Corporation (NASDAQ:CLAR) Chairman Warren B. Kanders Purchases 10,394 Shares

Clarus Corporation (NASDAQ:CLAR - Get Free Report) Chairman Warren B. Kanders acquired 10,394 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were purchased at an average cost of $3.48 per share, for a total transaction of $36,171.12. Following the acquisition, the chairman now directly owns 4,155,326 shares in the company, valued at $14,460,534.48. This represents a 0.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Clarus Price Performance

Shares of CLAR opened at $3.58 on Friday. The company has a market capitalization of $137.47 million, a P/E ratio of -1.73 and a beta of 0.85. Clarus Corporation has a one year low of $3.02 and a one year high of $6.83. The business's 50 day simple moving average is $3.35 and its 200-day simple moving average is $4.01.

Clarus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.10 annualized dividend and a yield of 2.79%. Clarus's dividend payout ratio (DPR) is -4.83%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CLAR shares. Roth Capital set a $3.50 target price on Clarus and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Lake Street Capital dropped their price objective on shares of Clarus from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Friday, May 9th. B. Riley decreased their target price on shares of Clarus from $5.50 to $5.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Finally, Stifel Nicolaus lowered their price target on Clarus from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $5.10.

Institutional Investors Weigh In On Clarus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parthenon LLC lifted its position in shares of Clarus by 394.2% during the first quarter. Parthenon LLC now owns 330,040 shares of the company's stock worth $1,238,000 after purchasing an additional 263,260 shares in the last quarter. First Eagle Investment Management LLC raised its position in Clarus by 34.3% in the 4th quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company's stock worth $3,541,000 after purchasing an additional 200,500 shares during the last quarter. Cove Street Capital LLC raised its position in Clarus by 182.4% in the 4th quarter. Cove Street Capital LLC now owns 297,431 shares of the company's stock worth $1,341,000 after purchasing an additional 192,099 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Clarus by 12.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company's stock worth $5,388,000 after buying an additional 134,627 shares in the last quarter. Finally, CastleKnight Management LP boosted its position in Clarus by 59.3% in the 4th quarter. CastleKnight Management LP now owns 318,100 shares of the company's stock valued at $1,435,000 after buying an additional 118,413 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company's stock.

Clarus Company Profile

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.