D. E. Shaw & Co. Inc. Has $1.81 Million Position in Clearfield, Inc. (NASDAQ:CLFD)

D. E. Shaw & Co. Inc. boosted its position in shares of Clearfield, Inc. (NASDAQ:CLFD - Free Report) by 24.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,460 shares of the communications equipment provider's stock after purchasing an additional 11,376 shares during the period. D. E. Shaw & Co. Inc. owned about 0.41% of Clearfield worth $1,812,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. ACK Asset Management LLC lifted its holdings 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 valued at $22,320,000 after purchasing an additional 25,000 shares during the last quarter. Royce & Associates LP lifted its holdings in Clearfield by 3.1% during the 4th quarter. Royce & Associates LP now owns 478,809 shares of the communications equipment provider's stock valued at $14,843,000 after purchasing an additional 14,464 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Clearfield by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 322,378 shares of the communications equipment provider's stock valued at $9,994,000 after purchasing an additional 48,730 shares during the last quarter. Marshall Wace LLP lifted its holdings in Clearfield by 13.1% during the 4th quarter. Marshall Wace LLP now owns 174,767 shares of the communications equipment provider's stock valued at $5,418,000 after purchasing an additional 20,269 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Clearfield by 9.1% during the 4th quarter. Northern Trust Corp now owns 125,677 shares of the communications equipment provider's stock valued at $3,896,000 after purchasing an additional 10,476 shares during the last quarter. 88.73% of the stock is owned by institutional investors.

Clearfield Trading Up 0.4%

Shares of NASDAQ:CLFD traded up $0.14 during trading on Tuesday, hitting $38.44. 5,206 shares of the company's stock were exchanged, compared to its average volume of 122,870. Clearfield, Inc. has a 1-year low of $23.78 and a 1-year high of $44.83. The firm has a 50-day moving average price of $30.83 and a two-hundred day moving average price of $32.03. 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 firm has a market cap of $531.59 million, a P/E ratio of -61.06 and a beta of 1.61.

Clearfield (NASDAQ:CLFD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The communications equipment provider reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.28. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.31%. The company had revenue of $47.17 million during the quarter, compared to analysts' expectations of $38.53 million. Equities analysts predict that Clearfield, Inc. will post -0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CLFD. Wall Street Zen raised shares of Clearfield from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 target price on shares of Clearfield in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Clearfield currently has a consensus rating of "Moderate Buy" and an average 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.