ACK Asset Management LLC Acquires 75,000 Shares of Clearfield, Inc. $CLFD

ACK Asset Management LLC raised its stake in Clearfield, Inc. (NASDAQ:CLFD - Free Report) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 810,200 shares of the communications equipment provider's stock after buying an additional 75,000 shares during the quarter. Clearfield comprises approximately 3.8% of ACK Asset Management LLC's investment portfolio, making the stock its 16th biggest holding. ACK Asset Management LLC owned 5.97% of Clearfield worth $32,238,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CLFD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Clearfield by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider's stock worth $215,000 after purchasing an additional 312 shares during the period. Deutsche Bank AG lifted its holdings in shares of Clearfield by 5.3% in the fourth quarter. Deutsche Bank AG now owns 8,825 shares of the communications equipment provider's stock valued at $257,000 after purchasing an additional 442 shares in the last quarter. Creative Planning lifted its holdings in shares of Clearfield by 4.8% in the third quarter. Creative Planning now owns 12,207 shares of the communications equipment provider's stock valued at $420,000 after purchasing an additional 563 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Clearfield by 6.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,618 shares of the communications equipment provider's stock worth $310,000 after buying an additional 635 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Clearfield by 6.3% during the third quarter. BNP Paribas Financial Markets now owns 14,027 shares of the communications equipment provider's stock worth $482,000 after buying an additional 834 shares during the period. Institutional investors and hedge funds own 88.73% of the company's stock.

Clearfield Stock Performance

Shares of CLFD stock opened at $27.54 on Monday. The firm's 50-day moving average is $32.99 and its 200-day moving average is $33.46. The stock has a market cap of $373.99 million, a price-to-earnings ratio of -54.00 and a beta of 2.12. Clearfield, Inc. has a 52-week low of $23.76 and a 52-week high of $52.73.

Clearfield (NASDAQ:CLFD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. Clearfield had a positive return on equity of 1.61% and a negative net margin of 4.71%.The firm had revenue of $43.86 million for the quarter, compared to the consensus estimate of $43.92 million. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. Sell-side analysts predict that Clearfield, Inc. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling at Clearfield

In related news, insider Anis Khemakhem sold 1,684 shares of Clearfield stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $39.90, for a total transaction of $67,191.60. Following the completion of the sale, the insider owned 25,126 shares of the company's stock, valued at approximately $1,002,527.40. The trade was a 6.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CLFD. Weiss Ratings raised Clearfield from a "sell (d-)" rating to a "sell (d)" rating in a research report on Friday. Needham & Company LLC cut their price objective on shares of Clearfield from $52.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Roth Capital restated a "buy" rating and set a $44.00 target price on shares of Clearfield in a report on Monday, May 4th. Finally, Lake Street Capital set a $38.00 target price on shares of Clearfield in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $41.75.

Clearfield Company Profile

Clearfield, Inc NASDAQ: CLFD is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company's core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield's modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.

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