Ancora Advisors LLC Sells 70,845 Shares of Clearfield, Inc. $CLFD

Key Points

• Ancora Advisors cut its Clearfield position by 63.2% in the second quarter, selling 70,845 shares and retaining 41,192 shares valued at approximately $1.64 million. Institutional investors collectively own 88.73% of the company.
• Clearfield reported quarterly EPS of $0.22, exceeding analysts’ $0.19 estimate, while revenue of $43.86 million was slightly below expectations. The company’s stock opened at $28.72, compared with a consensus analyst price target of $41.75.
• Analyst sentiment remains a “Moderate Buy”, with five Buy ratings, one Hold and one Sell; however, Needham reduced its price target from $52 to $40. An insider also sold 1,684 shares for about $67,192.

Ancora Advisors LLC lessened its position in shares of Clearfield, Inc. (NASDAQ:CLFD - Free Report) by 63.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,192 shares of the communications equipment provider's stock after selling 70,845 shares during the quarter. Ancora Advisors LLC owned approximately 0.30% of Clearfield worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new position in Clearfield in the third quarter worth $42,000. Los Angeles Capital Management LLC acquired a new position in Clearfield in the fourth quarter worth about $63,000. Cetera Trust Company N.A bought a new position in Clearfield during the second quarter worth about $80,000. Tower Research Capital LLC TRC boosted its holdings in Clearfield by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider's stock valued at $82,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Clearfield in the 2nd quarter valued at approximately $89,000. 88.73% of the stock is currently owned by institutional investors.

Clearfield Stock Performance

NASDAQ:CLFD opened at $28.72 on Thursday. The company has a market cap of $390.02 million, a price-to-earnings ratio of -56.31 and a beta of 2.11. The stock's fifty day moving average price is $31.36 and its two-hundred day moving average price is $33.35. 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 released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate 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 company had revenue of $43.86 million during the quarter, compared to analysts' expectations 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. On average, equities analysts predict that Clearfield, Inc. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Clearfield news, insider Anis Khemakhem sold 1,684 shares of Clearfield stock in a transaction on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Lake Street Capital set a $38.00 target price on shares of Clearfield in a report on Thursday, August 6th. Needham & Company LLC cut their price target on shares of Clearfield from $52.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded Clearfield from a "sell (d-)" rating to a "sell (d)" rating in a research report on Friday, August 21st. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.75.

About Clearfield

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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