Clarus Corporation (NASDAQ:CLAR) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Clarus Corporation has a consensus recommendation of "Hold" from five brokerages, with one analyst assigning a sell rating and two giving buy ratings.
• Chairman Warren B. Kanders recently acquired 200,000 shares of Clarus stock for approximately $648,000, increasing his position in the company.
• The company announced a quarterly dividend of $0.025 per share, representing a yield of 2.9% and a payout ratio of -4.65%.

Clarus Corporation (NASDAQ:CLAR - Get Free Report) has received a consensus recommendation of "Hold" from the five brokerages that are covering the company, MarketBeat reports. 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 company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $4.75.

Several equities analysts recently commented on the company. Lake Street Capital restated a "hold" rating and set a $3.50 target price on shares of Clarus in a research report on Friday, August 1st. Weiss Ratings restated a "sell (d-)" rating on shares of Clarus in a research report on Saturday, September 27th.

Insider Transactions at Clarus

In other Clarus news, Chairman Warren B. Kanders acquired 200,000 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was purchased at an average price of $3.24 per share, for a total transaction of $648,000.00. Following the transaction, the chairman owned 4,355,326 shares in the company, valued at $14,111,256.24. This trade represents a 4.81% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.30% of the company's stock.

Institutional Investors Weigh In On Clarus

Several hedge funds and other institutional investors have recently made changes to their positions in CLAR. Greenhouse Funds LLLP grew its stake in shares of Clarus by 0.9% during the first quarter. Greenhouse Funds LLLP now owns 5,448,431 shares of the company's stock worth $20,432,000 after purchasing an additional 47,810 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Clarus by 5.3% during the first quarter. Russell Investments Group Ltd. now owns 1,414,784 shares of the company's stock worth $5,305,000 after purchasing an additional 71,203 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Clarus by 3.3% during the second quarter. First Eagle Investment Management LLC now owns 957,475 shares of the company's stock worth $3,322,000 after purchasing an additional 30,500 shares during the period. American Century Companies Inc. grew its stake in shares of Clarus by 4.8% during the first quarter. American Century Companies Inc. now owns 574,256 shares of the company's stock worth $2,153,000 after purchasing an additional 26,084 shares during the period. Finally, Peapod Lane Capital LLC grew its stake in shares of Clarus by 1.3% during the second quarter. Peapod Lane Capital LLC now owns 485,220 shares of the company's stock worth $1,684,000 after purchasing an additional 6,215 shares during the period. 90.30% of the stock is owned by institutional investors and hedge funds.

Clarus Price Performance

Shares of Clarus stock traded up $0.01 during midday trading on Friday, hitting $3.43. 108,172 shares of the company were exchanged, compared to its average volume of 103,806. The firm has a market cap of $131.71 million, a P/E ratio of -1.60 and a beta of 0.93. Clarus has a 52 week low of $3.02 and a 52 week high of $5.29. The firm has a 50 day simple moving average of $3.59 and a 200-day simple moving average of $3.53.

Clarus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Monday, August 11th were given a $0.025 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.10 annualized dividend and a yield of 2.9%. Clarus's payout ratio is presently -4.65%.

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.

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