Deprince Race & Zollo Inc. Reduces Stake in Clarus Co. (NASDAQ:CLAR)

Deprince Race & Zollo Inc. cut its holdings in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,521,762 shares of the company's stock after selling 78,510 shares during the quarter. Deprince Race & Zollo Inc. owned about 3.97% of Clarus worth $6,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CLAR. Intech Investment Management LLC acquired a new position in Clarus during the 4th quarter worth about $64,000. Envestnet Asset Management Inc. lifted its stake in Clarus by 38.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company's stock worth $72,000 after acquiring an additional 4,371 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Clarus by 26.6% during the 4th quarter. Wells Fargo & Company MN now owns 18,119 shares of the company's stock worth $82,000 after acquiring an additional 3,810 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in Clarus by 40.3% during the 4th quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company's stock worth $90,000 after acquiring an additional 5,749 shares in the last quarter. Finally, Lepercq Multi Asset Fund acquired a new position in Clarus during the 4th quarter worth about $95,000. Institutional investors and hedge funds own 90.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CLAR shares. Lake Street Capital decreased their target price on Clarus from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Friday. Stifel Nicolaus decreased their target price on Clarus from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, B. Riley reduced their price target on Clarus from $5.50 to $5.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $5.50.

Clarus Stock Performance

CLAR stock traded up $0.10 during mid-day trading on Monday, reaching $3.32. The company had a trading volume of 221,866 shares, compared to its average volume of 235,365. The company has a market capitalization of $127.49 million, a price-to-earnings ratio of 25.54 and a beta of 0.87. The firm has a fifty day simple moving average of $3.65 and a 200 day simple moving average of $4.27. Clarus Co. has a fifty-two week low of $3.13 and a fifty-two week high of $7.24.

Clarus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.01%. Clarus's payout ratio is currently -7.35%.

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.