Dimensional Fund Advisors LP Buys 134,627 Shares of Clarus Co. (NASDAQ:CLAR)

Dimensional Fund Advisors LP boosted its position in Clarus Co. (NASDAQ:CLAR - Free Report) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,194,640 shares of the company's stock after purchasing an additional 134,627 shares during the period. Dimensional Fund Advisors LP owned approximately 3.11% of Clarus worth $5,388,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Intech Investment Management LLC bought a new stake in shares of Clarus in the 4th quarter worth approximately $64,000. Envestnet Asset Management Inc. increased its holdings in shares of Clarus by 38.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company's stock valued at $72,000 after buying an additional 4,371 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Clarus by 26.6% during the 4th quarter. Wells Fargo & Company MN now owns 18,119 shares of the company's stock valued at $82,000 after acquiring an additional 3,810 shares during the last quarter. Legacy Capital Group California Inc. boosted its stake in shares of 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 shares of Clarus in the 4th quarter worth $95,000. Institutional investors own 90.30% of the company's stock.

Clarus Stock Performance

Shares of NASDAQ CLAR traded up $0.07 during trading hours on Friday, hitting $3.27. The stock had a trading volume of 152,862 shares, compared to its average volume of 234,761. The company has a market capitalization of $125.57 million, a P/E ratio of 25.16 and a beta of 0.87. The firm's 50-day moving average price is $3.57 and its two-hundred day moving average price is $4.25. Clarus Co. has a 52 week low of $3.13 and a 52 week high of $7.13.

Clarus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.025 per share. The ex-dividend date is Monday, May 19th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.06%. Clarus's dividend payout ratio is currently -4.83%.

Analysts Set New Price Targets

CLAR has been the subject of several analyst reports. Lake Street Capital reduced their target price on Clarus from $5.00 to $4.00 and set a "buy" rating for the company in a report 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 for the company in a report on Monday, March 10th. Finally, Stifel Nicolaus dropped their target price on Clarus from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.50.

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.