Clarus Corporation (NASDAQ:CLAR) Shares Bought by Parthenon LLC

Parthenon LLC raised its stake in Clarus Corporation (NASDAQ:CLAR - Free Report) by 394.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,040 shares of the company's stock after buying an additional 263,260 shares during the period. Parthenon LLC owned about 0.86% of Clarus worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in CLAR. Intech Investment Management LLC bought a new position in Clarus during the 4th quarter worth about $64,000. Envestnet Asset Management Inc. boosted its holdings in shares of Clarus by 38.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company's stock valued at $72,000 after buying an additional 4,371 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Clarus by 26.6% in the 4th quarter. Wells Fargo & Company MN now owns 18,119 shares of the company's stock valued at $82,000 after buying an additional 3,810 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Clarus by 25.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,123 shares of the company's stock valued at $100,000 after buying an additional 4,453 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Clarus by 58.4% in the 4th quarter. LPL Financial LLC now owns 29,724 shares of the company's stock valued at $134,000 after buying an additional 10,955 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CLAR. Stifel Nicolaus lowered their price target on shares of Clarus from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Lake Street Capital decreased their price objective on shares of Clarus from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Roth Capital set a $3.50 price objective on shares of Clarus and gave the company a "neutral" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $5.10.

Clarus Price Performance

CLAR traded up $0.03 during trading on Friday, reaching $3.59. 88,150 shares of the company's stock were exchanged, compared to its average volume of 162,573. The stock has a market capitalization of $137.86 million, a P/E ratio of -1.73 and a beta of 0.87. The company's fifty day simple moving average is $3.42 and its 200-day simple moving average is $3.90. Clarus Corporation has a 1 year low of $3.02 and a 1 year high of $6.39.

Clarus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Monday, May 19th. Clarus's dividend payout ratio is currently -4.83%.

Insider Activity

In other news, Chairman Warren B. Kanders bought 10,394 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was purchased at an average cost of $3.48 per share, for a total transaction of $36,171.12. Following the purchase, the chairman directly owned 4,155,326 shares in the company, valued at approximately $14,460,534.48. This trade represents a 0.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.40% of the stock is currently owned by corporate insiders.

Clarus Profile

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.