Squarepoint Ops LLC Makes New $795,000 Investment in Clearfield, Inc. (NASDAQ:CLFD)

Squarepoint Ops LLC bought a new position in shares of Clearfield, Inc. (NASDAQ:CLFD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,643 shares of the communications equipment provider's stock, valued at approximately $795,000. Squarepoint Ops LLC owned approximately 0.18% of Clearfield at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CLFD. Tower Research Capital LLC TRC increased its position in shares of Clearfield by 340.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,172 shares of the communications equipment provider's stock valued at $36,000 after purchasing an additional 906 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Clearfield in the fourth quarter valued at $74,000. Quantbot Technologies LP boosted its stake in Clearfield by 261.4% during the fourth quarter. Quantbot Technologies LP now owns 4,879 shares of the communications equipment provider's stock valued at $151,000 after buying an additional 3,529 shares in the last quarter. SG Americas Securities LLC boosted its stake in Clearfield by 45.5% during the fourth quarter. SG Americas Securities LLC now owns 5,297 shares of the communications equipment provider's stock valued at $164,000 after buying an additional 1,656 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Clearfield during the fourth quarter worth about $233,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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 report on Monday, February 10th. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 target price on shares of Clearfield in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.75.

Clearfield Price Performance

Shares of NASDAQ CLFD traded up $0.49 during mid-day trading on Tuesday, reaching $38.40. The company had a trading volume of 114,914 shares, compared to its average volume of 124,030. The company has a 50-day moving average price of $31.45 and a two-hundred day moving average price of $32.25. The stock has a market cap of $531.11 million, a PE ratio of -60.95 and a beta of 1.61. The company has a current ratio of 10.57, a quick ratio of 7.41 and a debt-to-equity ratio of 0.01. Clearfield, Inc. has a 1-year low of $23.78 and a 1-year high of $44.83.

Clearfield (NASDAQ:CLFD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.28. The business had revenue of $47.17 million during the quarter, compared to analyst estimates of $38.53 million. Clearfield had a negative return on equity of 3.31% and a negative net margin of 5.41%. On average, equities analysts anticipate that Clearfield, Inc. will post -0.29 earnings per share for the current year.

Clearfield Company 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.