Gallacher Capital Management LLC Invests $328,000 in CLEAR Secure, Inc. $YOU

Key Points

• Gallacher Capital Management LLC acquired 11,812 shares of CLEAR Secure, Inc. (NYSE: YOU) valued at approximately $328,000 during the second quarter, highlighting growing institutional interest in the company.
• CLEAR Secure recently reported earnings per share of $0.26 for the last quarter, exceeding analysts' expectations, along with a revenue of $219.47 million, which reflects a 17.6% increase year-over-year.
• The company announced a quarterly dividend of $0.125, which will be paid to shareholders of record on September 10, representing a 1.3% dividend yield and a payout ratio of 31.25%.

Gallacher Capital Management LLC purchased a new position in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,812 shares of the company's stock, valued at approximately $328,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Harbor Investment Advisory LLC lifted its position in CLEAR Secure by 562.1% during the 2nd quarter. Harbor Investment Advisory LLC now owns 6,992 shares of the company's stock worth $194,000 after buying an additional 5,936 shares in the last quarter. Cim LLC lifted its position in CLEAR Secure by 1.0% during the 1st quarter. Cim LLC now owns 58,156 shares of the company's stock worth $1,507,000 after buying an additional 590 shares in the last quarter. First Hawaiian Bank lifted its position in CLEAR Secure by 2.8% during the 1st quarter. First Hawaiian Bank now owns 44,604 shares of the company's stock valued at $1,156,000 after purchasing an additional 1,208 shares during the period. Rhumbline Advisers lifted its position in CLEAR Secure by 1.8% during the 1st quarter. Rhumbline Advisers now owns 247,921 shares of the company's stock valued at $6,424,000 after purchasing an additional 4,325 shares during the period. Finally, Strs Ohio acquired a new position in CLEAR Secure during the 1st quarter valued at about $363,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Insider Activity

In other news, President Michael Z. Barkin sold 16,050 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $35.22, for a total value of $565,281.00. Following the completion of the sale, the president owned 12,725 shares of the company's stock, valued at approximately $448,174.50. This represents a 55.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Dennis W. Liu sold 2,027 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $36.00, for a total value of $72,972.00. Following the completion of the sale, the chief accounting officer directly owned 11,896 shares of the company's stock, valued at approximately $428,256. The trade was a 14.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,027 shares of company stock valued at $2,043,243. 39.73% of the stock is owned by insiders.

CLEAR Secure Stock Performance

NYSE YOU traded up $0.83 during trading hours on Friday, reaching $37.90. 3,658,721 shares of the company's stock were exchanged, compared to its average volume of 1,477,155. The company's 50-day moving average is $33.49 and its two-hundred day moving average is $28.49. CLEAR Secure, Inc. has a one year low of $21.67 and a one year high of $38.88. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 23.69 and a beta of 1.27.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%.The firm had revenue of $219.47 million during the quarter, compared to the consensus estimate of $214.90 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The business's revenue was up 17.6% on a year-over-year basis. CLEAR Secure has set its Q3 2025 guidance at EPS. Research analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, September 10th. CLEAR Secure's dividend payout ratio is presently 31.25%.

Analyst Upgrades and Downgrades

YOU has been the topic of a number of research reports. Telsey Advisory Group upped their target price on shares of CLEAR Secure from $32.00 to $37.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Stifel Nicolaus upped their target price on shares of CLEAR Secure from $26.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, July 29th. DA Davidson initiated coverage on shares of CLEAR Secure in a research report on Tuesday. They set a "buy" rating and a $45.00 target price on the stock. Zacks Research upgraded shares of CLEAR Secure from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Finally, Wall Street Zen raised CLEAR Secure from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.71.

About CLEAR Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.