Clarus Co. (NASDAQ:CLAR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,469,449 shares of the company's stock after selling 220,014 shares during the period. Federated Hermes Inc. owned 3.85% of Clarus worth $10,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CLAR. Motley Fool Asset Management LLC increased its position in shares of Clarus by 2.0% during the 3rd quarter. Motley Fool Asset Management LLC now owns 191,136 shares of the company's stock valued at $1,445,000 after purchasing an additional 3,710 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Clarus in the 3rd quarter valued at about $92,000. First Eagle Investment Management LLC grew its position in Clarus by 71.7% in the third quarter. First Eagle Investment Management LLC now owns 357,608 shares of the company's stock worth $2,704,000 after acquiring an additional 149,367 shares during the period. Greenhaven Road Investment Management L.P. acquired a new stake in Clarus in the third quarter valued at $782,000. Finally, M&T Bank Corp boosted its holdings in Clarus by 21.8% in the 3rd quarter. M&T Bank Corp now owns 65,416 shares of the company's stock valued at $494,000 after purchasing an additional 11,688 shares in the last quarter. 90.30% of the stock is owned by institutional investors.

Clarus Stock Performance

Shares of NASDAQ CLAR traded up $0.15 during mid-day trading on Wednesday, reaching $6.30. 112,753 shares of the company traded hands, compared to its average volume of 285,084. The company's fifty day moving average is $6.29 and its two-hundred day moving average is $6.03. Clarus Co. has a fifty-two week low of $4.77 and a fifty-two week high of $9.84. The stock has a market cap of $240.91 million, a PE ratio of -23.22 and a beta of 0.90.

Clarus (NASDAQ:CLAR - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.12). The business had revenue of $76.50 million for the quarter, compared to analyst estimates of $84.45 million. Clarus had a positive return on equity of 3.31% and a negative net margin of 2.84%. Research analysts forecast that Clarus Co. will post 0.06 earnings per share for the current year.

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 18th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.10 annualized dividend and a yield of 1.59%. Clarus's payout ratio is -37.04%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CLAR shares. B. Riley decreased their price objective on shares of Clarus from $9.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, March 7th. Jefferies Financial Group reiterated a "hold" rating and set a $7.00 target price (down from $13.00) on shares of Clarus in a research report on Thursday, January 4th. StockNews.com upgraded Clarus to a "sell" rating in a research report on Thursday, April 11th. Finally, Roth Mkm increased their price objective on Clarus from $6.50 to $7.50 and gave the stock a "buy" rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $9.75.

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.