Dimensional Fund Advisors LP Boosts Position in Clearfield, Inc. (NASDAQ:CLFD)

Dimensional Fund Advisors LP increased its position in Clearfield, Inc. (NASDAQ:CLFD - Free Report) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 322,378 shares of the communications equipment provider's stock after buying an additional 48,730 shares during the quarter. Dimensional Fund Advisors LP owned 2.28% of Clearfield worth $9,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP boosted its holdings in Clearfield by 13.1% in the fourth quarter. Marshall Wace LLP now owns 174,767 shares of the communications equipment provider's stock valued at $5,418,000 after acquiring an additional 20,269 shares during the last quarter. XTX Topco Ltd bought a new stake in Clearfield in the fourth quarter valued at approximately $654,000. Barclays PLC boosted its holdings in Clearfield by 2.4% in the fourth quarter. Barclays PLC now owns 90,117 shares of the communications equipment provider's stock valued at $2,793,000 after acquiring an additional 2,146 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Clearfield in the fourth quarter valued at approximately $721,000. Finally, ACK Asset Management LLC boosted its holdings in Clearfield by 3.6% in the fourth quarter. ACK Asset Management LLC now owns 720,000 shares of the communications equipment provider's stock valued at $22,320,000 after acquiring an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company's stock.

Clearfield Price Performance

Shares of NASDAQ CLFD traded down $0.26 during trading hours on Wednesday, reaching $37.47. 323,414 shares of the stock traded hands, compared to its average volume of 122,273. The company has a market capitalization of $529.53 million, a P/E ratio of -59.48 and a beta of 1.61. The company has a quick ratio of 7.41, a current ratio of 10.57 and a debt-to-equity ratio of 0.01. Clearfield, Inc. has a 52-week low of $23.78 and a 52-week high of $44.83. The company's 50-day simple moving average is $29.14 and its two-hundred day simple moving average is $31.91.

Clearfield (NASDAQ:CLFD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.28. The company had revenue of $47.17 million for the quarter, compared to analysts' expectations of $38.53 million. Clearfield had a negative return on equity of 3.31% and a negative net margin of 5.41%. Equities research analysts forecast that Clearfield, Inc. will post -0.29 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CLFD. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Clearfield in a research report on Wednesday, March 26th. StockNews.com raised Clearfield from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $46.75.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.