GAMMA Investing LLC Has $4.86 Million Holdings in Clear Secure, Inc. (NYSE:YOU)

GAMMA Investing LLC lifted its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 16,650.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,433 shares of the company's stock after purchasing an additional 186,314 shares during the period. GAMMA Investing LLC owned 0.14% of Clear Secure worth $4,856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of YOU. Huntington National Bank bought a new position in Clear Secure in the 4th quarter valued at $35,000. SRS Capital Advisors Inc. boosted its holdings in Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after acquiring an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its holdings in Clear Secure by 113,800.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock valued at $61,000 after acquiring an additional 2,276 shares during the last quarter. Harbour Investments Inc. increased its position in Clear Secure by 23.0% in 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 during the period. Finally, Natixis bought a new stake in Clear Secure during the 4th quarter worth about $73,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Insider Transactions at Clear Secure

In other Clear Secure news, Director Kenneth L. Cornick sold 315,591 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total value of $7,896,086.82. Following the completion of the sale, the director now directly owns 64,935 shares in the company, valued at $1,624,673.70. This represents a 82.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 957,964 shares of company stock valued at $24,155,799 over the last three months. 39.73% of the stock is currently owned by corporate insiders.

Clear Secure Stock Performance

YOU traded down $0.19 during midday trading on Thursday, reaching $25.31. 108,684 shares of the company were exchanged, compared to its average volume of 2,012,458. Clear Secure, Inc. has a one year low of $17.58 and a one year high of $38.88. The stock has a market capitalization of $3.37 billion, a P/E ratio of 29.43 and a beta of 1.22. The stock's 50-day simple moving average is $25.34 and its 200 day simple moving average is $25.42.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings results 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 net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business's revenue was up 18.1% on a year-over-year basis. On average, research analysts anticipate that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.98%. Clear Secure's dividend payout ratio (DPR) is presently 31.25%.

Analyst Upgrades and Downgrades

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

Clear Secure Company 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.