Dimensional Fund Advisors LP increased its position in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,194,640 shares of the company's stock after acquiring an additional 134,627 shares during the period. Dimensional Fund Advisors LP owned about 3.11% of Clarus worth $5,388,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in CLAR. Barclays PLC boosted its position in Clarus by 263.4% in the third quarter. Barclays PLC now owns 40,478 shares of the company's stock valued at $183,000 after buying an additional 29,340 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Clarus by 393.0% in the third quarter. JPMorgan Chase & Co. now owns 66,675 shares of the company's stock valued at $300,000 after buying an additional 53,150 shares in the last quarter. Empowered Funds LLC boosted its position in Clarus by 5.1% in the fourth quarter. Empowered Funds LLC now owns 100,168 shares of the company's stock valued at $452,000 after buying an additional 4,880 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in Clarus in the fourth quarter valued at approximately $2,153,000. Finally, Legacy Capital Group California Inc. raised its stake in shares of Clarus by 40.3% during the fourth quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company's stock valued at $90,000 after acquiring an additional 5,749 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company's stock.
Clarus Price Performance
NASDAQ CLAR traded up $0.07 during mid-day trading on Friday, reaching $3.27. 152,862 shares of the stock were exchanged, compared to its average volume of 234,237. Clarus Co. has a one year low of $3.13 and a one year high of $7.13. The stock has a 50 day simple moving average of $3.56 and a 200-day simple moving average of $4.24. The stock has a market cap of $125.57 million, a P/E ratio of 25.16 and a beta of 0.87.
Clarus Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 19th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Monday, May 19th. Clarus's dividend payout ratio is presently -4.83%.
Analysts Set New Price Targets
Several research firms have recently issued reports on CLAR. Lake Street Capital dropped their price target 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 dropped their price target on shares of Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, Stifel Nicolaus lowered their target price on shares of Clarus from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Clarus currently has a consensus rating of "Hold" and an average price target of $5.50.
Check Out Our Latest Stock Analysis on Clarus
About Clarus
(
Free Report)
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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