Mcmorgan & Co. LLC Invests $2.65 Million in Clear Secure, Inc. (NYSE:YOU)

Mcmorgan & Co. LLC bought a new position in Clear Secure, Inc. (NYSE:YOU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 99,540 shares of the company's stock, valued at approximately $2,652,000. Mcmorgan & Co. LLC owned approximately 0.07% of Clear Secure at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of YOU. Renaissance Technologies LLC raised its position in shares of Clear Secure by 15.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after purchasing an additional 501,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Clear Secure in the fourth quarter worth about $1,695,000. William Blair Investment Management LLC bought a new position in shares of Clear Secure in the fourth quarter worth approximately $37,697,000. Geode Capital Management LLC grew its holdings in shares of Clear Secure by 6.4% during the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock valued at $77,788,000 after buying an additional 141,208 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock valued at $15,866,000 after acquiring an additional 466,901 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Clear Secure Price Performance

Shares of NYSE:YOU traded up $0.77 during trading on Tuesday, hitting $25.70. The company's stock had a trading volume of 1,210,651 shares, compared to its average volume of 2,001,968. The company has a 50-day moving average of $25.21 and a 200-day moving average of $27.24. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 29.88 and a beta of 1.25. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Monday, March 10th. Clear Secure's dividend payout ratio is presently 32.47%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on YOU. Stifel Nicolaus lowered their price objective on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set 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 issued a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $34.00.

Clear Secure Profile

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.