Castle Rock Wealth Management LLC Buys New Stake in Clear Secure, Inc. (NYSE:YOU)

Castle Rock Wealth Management LLC acquired a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,978 shares of the company's stock, valued at approximately $404,000.

Other large investors also recently bought and sold shares of the company. Huntington National Bank acquired a new stake in shares of Clear Secure during the fourth quarter worth about $35,000. SRS Capital Advisors Inc. raised its holdings in Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after purchasing an additional 766 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in Clear Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after purchasing an additional 2,276 shares in the last quarter. Harbour Investments Inc. raised its holdings in Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after purchasing an additional 450 shares in the last quarter. Finally, Natixis purchased a new position in Clear Secure during the fourth quarter worth about $73,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Stock Up 0.9%

Shares of YOU traded up $0.22 during mid-day trading on Thursday, reaching $26.04. 271,720 shares of the company's stock were exchanged, compared to its average volume of 2,013,923. The company has a 50-day simple moving average of $25.31 and a two-hundred day simple moving average of $25.42. Clear Secure, Inc. has a 52-week low of $17.01 and a 52-week high of $38.88. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 30.28 and a beta of 1.22.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $211.40 million for the quarter, compared to analysts' expectations of $208.02 million. During the same period last year, the business earned $0.28 earnings per share. The company's revenue for the quarter was up 18.1% on a year-over-year basis. As a group, equities research analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.92%. Clear Secure's dividend payout ratio (DPR) is presently 31.25%.

Analyst Ratings Changes

Several research firms recently issued reports on YOU. Telsey Advisory Group reissued an "outperform" rating and set a $32.00 price target on shares of Clear Secure in a report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and set a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Finally, Stifel Nicolaus cut their price target on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Clear Secure presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Insider Buying and Selling at Clear Secure

In related news, Director Kenneth L. Cornick sold 315,591 shares of Clear Secure stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the transaction, the director now owns 64,935 shares in the company, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 957,964 shares of company stock worth $24,155,799 in the last quarter. 39.73% of the stock is owned by insiders.

Clear Secure Profile

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.