Strs Ohio bought a new stake in shares of Clarus Corporation (NASDAQ:CLAR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 113,300 shares of the company's stock, valued at approximately $425,000. Strs Ohio owned approximately 0.30% of Clarus as of its most recent SEC filing.
Several other large investors have also bought and sold shares of CLAR. Legacy Capital Group California Inc. boosted its stake in Clarus by 31.3% during the first quarter. Legacy Capital Group California Inc. now owns 26,294 shares of the company's stock valued at $99,000 after buying an additional 6,264 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Clarus during the first quarter valued at $107,000. Bank of America Corp DE lifted its holdings in shares of Clarus by 14.6% during the fourth quarter. Bank of America Corp DE now owns 33,093 shares of the company's stock valued at $149,000 after purchasing an additional 4,211 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Clarus by 9.1% during the first quarter. Gabelli Funds LLC now owns 60,000 shares of the company's stock valued at $225,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Clarus during the first quarter valued at $332,000. Institutional investors own 90.30% of the company's stock.
Clarus Trading Up 1.1%
Shares of Clarus stock opened at $3.74 on Tuesday. The stock has a 50-day moving average price of $3.62 and a 200 day moving average price of $3.55. The company has a market cap of $143.62 million, a P/E ratio of -1.74 and a beta of 0.86. Clarus Corporation has a 1 year low of $3.02 and a 1 year high of $5.29.
Clarus Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Monday, August 11th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, August 11th. Clarus's dividend payout ratio is currently -4.65%.
Insider Transactions at Clarus
In other Clarus news, Chairman Warren B. Kanders acquired 89,000 shares of Clarus stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $3.23 per share, with a total value of $287,470.00. Following the purchase, the chairman owned 4,444,326 shares in the company, valued at approximately $14,355,172.98. The trade was a 2.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 22.30% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital reaffirmed a "hold" rating and set a $3.50 target price on shares of Clarus in a report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $4.75.
View Our Latest Stock Analysis on Clarus
About Clarus
(
Free Report)
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.
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