Clear Secure, Inc. (NYSE:YOU) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lifted its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 69.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,036,245 shares of the company's stock after buying an additional 425,424 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.74% of Clear Secure worth $27,606,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after purchasing an additional 771 shares during the last quarter. Huntington National Bank bought a new position in Clear Secure during the 4th quarter worth about $35,000. SRS Capital Advisors Inc. raised its stake in Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after buying an additional 766 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in shares of Clear Secure by 113,800.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after purchasing an additional 2,276 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $34.00.

Clear Secure Stock Performance

Clear Secure stock traded down $0.34 during trading on Thursday, reaching $24.35. The company had a trading volume of 2,544,781 shares, compared to its average volume of 2,008,630. The firm has a market capitalization of $3.33 billion, a PE ratio of 28.31 and a beta of 1.25. The firm's 50-day simple moving average is $25.52 and its 200 day simple moving average is $26.97. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 2.05%. Clear Secure's dividend payout ratio (DPR) is currently 32.47%.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.