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

D. E. Shaw & Co. Inc. boosted its stake in shares of Clearfield, Inc. (NASDAQ:CLFD - Free Report) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,460 shares of the communications equipment provider's stock after acquiring an additional 11,376 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.41% of Clearfield worth $1,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Clearfield by 164.2% in the 3rd quarter. Barclays PLC now owns 87,971 shares of the communications equipment provider's stock worth $3,428,000 after purchasing an additional 54,670 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Clearfield in the fourth quarter valued at about $1,594,000. Drum Hill Capital LLC bought a new stake in Clearfield during the fourth quarter worth about $1,539,000. Dimensional Fund Advisors LP grew its stake in Clearfield by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 322,378 shares of the communications equipment provider's stock worth $9,994,000 after buying an additional 48,730 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Clearfield during the fourth quarter worth approximately $1,311,000. 88.73% of the stock is owned by institutional investors.

Clearfield Stock Up 0.5%

Shares of NASDAQ CLFD traded up $0.20 during trading hours on Tuesday, hitting $38.50. The company had a trading volume of 108,059 shares, compared to its average volume of 123,268. Clearfield, Inc. has a 1-year low of $23.78 and a 1-year high of $44.83. The company has a quick ratio of 7.41, a current ratio of 10.57 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average is $30.97 and its 200-day moving average is $32.07. The stock has a market capitalization of $532.49 million, a P/E ratio of -61.11 and a beta of 1.61.

Clearfield (NASDAQ:CLFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The communications equipment provider reported $0.09 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 analysts' expectations of $38.53 million. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.31%. On average, analysts expect that Clearfield, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CLFD. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Clearfield in a research report on Wednesday, March 26th. Wall Street Zen upgraded Clearfield from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $46.75.

About Clearfield

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.