Two Sigma Investments LP Trims Stock Holdings in Clarus Co. (NASDAQ:CLAR)

Two Sigma Investments LP lessened its holdings in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 58.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,569 shares of the company's stock after selling 72,344 shares during the period. Two Sigma Investments LP owned 0.13% of Clarus worth $228,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new position in Clarus during the fourth quarter valued at $64,000. Envestnet Asset Management Inc. raised its holdings in Clarus by 38.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company's stock worth $72,000 after acquiring an additional 4,371 shares during the last quarter. Wells Fargo & Company MN increased 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 worth $82,000 after purchasing an additional 3,810 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in shares of Clarus by 40.3% during the fourth quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company's stock valued at $90,000 after purchasing an additional 5,749 shares in the last quarter. Finally, Lepercq Multi Asset Fund bought a new stake in Clarus in the 4th quarter worth about $95,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Clarus Trading Up 2.3%

CLAR traded up $0.08 during trading hours on Thursday, hitting $3.58. The company's stock had a trading volume of 71,571 shares, compared to its average volume of 234,036. Clarus Co. has a 12 month low of $3.02 and a 12 month high of $6.93. The business's 50-day moving average price is $3.32 and its 200-day moving average price is $4.10. The stock has a market cap of $137.48 million, a price-to-earnings ratio of 27.54 and a beta of 0.85.

Clarus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, May 19th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, May 19th. Clarus's dividend payout ratio (DPR) is -4.83%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Clarus from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Roth Capital set a $3.50 price objective on Clarus and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Lake Street Capital lowered their target price on shares of Clarus from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, B. Riley decreased their price target on Clarus from $5.50 to $5.00 and set a "buy" rating on the stock in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $5.10.

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.