Jane Street Group LLC Cuts Position in Clearfield, Inc. (NASDAQ:CLFD)

Jane Street Group LLC trimmed its stake in Clearfield, Inc. (NASDAQ:CLFD - Free Report) by 49.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,842 shares of the communications equipment provider's stock after selling 13,781 shares during the quarter. Jane Street Group LLC owned approximately 0.10% of Clearfield worth $429,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CLFD. ACK Asset Management LLC increased its position in Clearfield by 3.6% during the 4th quarter. ACK Asset Management LLC now owns 720,000 shares of the communications equipment provider's stock worth $22,320,000 after purchasing an additional 25,000 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Clearfield by 3.1% during the 4th quarter. Royce & Associates LP now owns 478,809 shares of the communications equipment provider's stock worth $14,843,000 after purchasing an additional 14,464 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Clearfield by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 322,378 shares of the communications equipment provider's stock worth $9,994,000 after purchasing an additional 48,730 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Clearfield by 13.1% during the fourth quarter. Marshall Wace LLP now owns 174,767 shares of the communications equipment provider's stock worth $5,418,000 after buying an additional 20,269 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Clearfield by 9.1% in the fourth quarter. Northern Trust Corp now owns 125,677 shares of the communications equipment provider's stock valued at $3,896,000 after buying an additional 10,476 shares during the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

Clearfield Trading Up 2.4%

Shares of NASDAQ CLFD traded up $0.93 on Wednesday, reaching $39.33. 144,086 shares of the company traded hands, compared to its average volume of 123,928. The stock has a market capitalization of $543.97 million, a PE ratio of -62.43 and a beta of 1.61. Clearfield, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $44.83. The company has a current ratio of 10.57, a quick ratio of 7.41 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $31.79 and a 200 day moving average of $32.34.

Clearfield (NASDAQ:CLFD - Get Free Report) last released its earnings results on Thursday, May 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.28. The firm had revenue of $47.17 million during the quarter, compared to the consensus estimate of $38.53 million. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.31%. On average, equities research analysts forecast that Clearfield, Inc. will post -0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CLFD. Needham & Company LLC restated a "buy" rating and set a $50.00 target price on shares of Clearfield in a research report on Wednesday, March 26th. Wall Street Zen raised Clearfield from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.

Clearfield Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.