Millennium Management LLC Has $285,000 Holdings in Clarus Co. (NASDAQ:CLAR)

Millennium Management LLC lessened its holdings in Clarus Co. (NASDAQ:CLAR - Free Report) by 74.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,113 shares of the company's stock after selling 179,903 shares during the period. Millennium Management LLC owned about 0.16% of Clarus worth $285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLAR. Peapod Lane Capital LLC bought a new position in Clarus in the fourth quarter valued at about $2,153,000. First Eagle Investment Management LLC grew its position in Clarus by 34.3% in the fourth quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company's stock valued at $3,541,000 after acquiring an additional 200,500 shares during the last quarter. Cove Street Capital LLC grew its position in Clarus by 182.4% in the fourth quarter. Cove Street Capital LLC now owns 297,431 shares of the company's stock valued at $1,341,000 after acquiring an additional 192,099 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Clarus by 12.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company's stock valued at $5,388,000 after acquiring an additional 134,627 shares during the last quarter. Finally, CastleKnight Management LP grew its position in Clarus by 59.3% in the fourth quarter. CastleKnight Management LP now owns 318,100 shares of the company's stock valued at $1,435,000 after acquiring an additional 118,413 shares during the last quarter. Institutional investors own 90.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CLAR shares. Stifel Nicolaus reduced their price target on Clarus from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Lake Street Capital reduced their price target on Clarus from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Roth Capital set a $3.50 price target on Clarus and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Finally, B. Riley reduced their price target on Clarus from $5.50 to $5.00 and set a "buy" rating on the stock in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Clarus currently has an average rating of "Hold" and an average price target of $5.10.

Clarus Trading Up 2.3%

CLAR stock traded up $0.08 during trading on Thursday, hitting $3.58. The company had a trading volume of 71,571 shares, compared to its average volume of 234,036. The business has a 50-day moving average of $3.32 and a 200-day moving average of $4.10. Clarus Co. has a one year low of $3.02 and a one year high of $6.93. The stock has a market cap of $137.48 million, a PE ratio of 27.54 and a beta of 0.85.

Clarus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Monday, May 19th. Clarus's payout ratio is presently -4.83%.

About Clarus

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.