88,649 Shares in Clarus Corporation $CLAR Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new position in Clarus Corporation by purchasing 88,649 shares valued at approximately $332,000, indicating growing institutional interest in the company.
• The recent quarterly dividend announcement reflects a yield of 2.7%, with shareholders receiving $0.025 per share for the quarter, highlighting Clarus's commitment to returning value to stockholders.
• Clarus Corporation's current market capitalization stands at $140.54 million, and recent analyst ratings suggest a consensus rating of "Moderate Buy" with an average target price of $4.75.

Nuveen LLC bought a new stake in shares of Clarus Corporation (NASDAQ:CLAR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 88,649 shares of the company's stock, valued at approximately $332,000. Nuveen LLC owned about 0.23% of Clarus as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Clarus by 12.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company's stock valued at $5,388,000 after purchasing an additional 134,627 shares during the last quarter. Parthenon LLC grew its holdings in shares of Clarus by 394.2% during the 1st quarter. Parthenon LLC now owns 330,040 shares of the company's stock valued at $1,238,000 after purchasing an additional 263,260 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Clarus by 29.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 93,643 shares of the company's stock valued at $351,000 after purchasing an additional 21,508 shares during the last quarter. Sandia Investment Management LP grew its holdings in Clarus by 102.9% in the 4th quarter. Sandia Investment Management LP now owns 68,943 shares of the company's stock worth $311,000 after acquiring an additional 34,960 shares during the last quarter. Finally, Barclays PLC grew its holdings in Clarus by 13.4% in the 4th quarter. Barclays PLC now owns 45,897 shares of the company's stock worth $207,000 after acquiring an additional 5,419 shares during the last quarter. Institutional investors own 90.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CLAR. Lake Street Capital reissued a "hold" rating and issued a $3.50 price target on shares of Clarus in a report on Friday, August 1st. Roth Capital set a $3.50 price target on shares of Clarus and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Clarus presently has an average rating of "Moderate Buy" and a consensus price target of $4.75.

Clarus Stock Up 0.8%

Shares of CLAR traded up $0.03 during trading hours on Thursday, reaching $3.92. 78,228 shares of the company traded hands, compared to its average volume of 92,810. The company's fifty day moving average price is $3.59 and its two-hundred day moving average price is $3.60. The company has a market capitalization of $150.53 million, a price-to-earnings ratio of -1.82 and a beta of 0.86. Clarus Corporation has a 12 month low of $3.02 and a 12 month high of $5.29.

Clarus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Monday, August 11th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.6%. Clarus's payout ratio is presently -4.65%.

Insider Buying and Selling at Clarus

In related news, Chairman Warren B. Kanders bought 89,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of $3.23 per share, with a total value of $287,470.00. Following the purchase, the chairman owned 4,444,326 shares of the company's stock, valued at approximately $14,355,172.98. This trade represents a 2.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 300,399 shares of company stock worth $975,159. Insiders own 22.30% of the company's stock.

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.