ArrowMark Colorado Holdings LLC Has $6.39 Million Stock Holdings in Clarus Co. (NASDAQ:CLAR)

ArrowMark Colorado Holdings LLC lowered its stake in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 38.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,420,596 shares of the company's stock after selling 874,469 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 3.70% of Clarus worth $6,393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Clarus in the 3rd quarter worth approximately $54,000. Legacy Capital Group California Inc. raised its position in shares of Clarus by 32.7% during the third quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company's stock worth $64,000 after acquiring an additional 3,521 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Clarus in the third quarter valued at about $153,000. Rhumbline Advisers increased its position in Clarus by 5.9% in the second quarter. Rhumbline Advisers now owns 45,658 shares of the company's stock worth $307,000 after purchasing an additional 2,545 shares during the period. Finally, Marquette Asset Management LLC bought a new stake in Clarus during the 3rd quarter worth about $310,000. Institutional investors and hedge funds own 90.30% of the company's stock.

Clarus Price Performance

NASDAQ:CLAR traded down $0.03 during trading hours on Tuesday, reaching $4.56. 80,727 shares of the stock were exchanged, compared to its average volume of 277,493. The stock has a market cap of $174.92 million, a PE ratio of 35.31 and a beta of 0.85. Clarus Co. has a twelve month low of $3.89 and a twelve month high of $7.55. The firm has a 50 day moving average of $4.41 and a 200 day moving average of $5.20.

Clarus (NASDAQ:CLAR - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. The business had revenue of $67.12 million for the quarter, compared to analyst estimates of $72.98 million. Equities research analysts anticipate that Clarus Co. will post -0.06 earnings per share for the current year.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.10 dividend on an annualized basis and a yield of 2.19%. Clarus's payout ratio is 76.93%.

Insiders Place Their Bets

In other news, Chairman Warren B. Kanders bought 30,000 shares of the company's stock in a transaction dated Monday, September 9th. The shares were bought at an average cost of $4.05 per share, with a total value of $121,500.00. Following the acquisition, the chairman now owns 4,075,527 shares in the company, valued at $16,505,884.35. This trade represents a 0.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Henning sold 44,600 shares of Clarus stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total value of $198,916.00. Following the transaction, the director now owns 110,400 shares of the company's stock, valued at $492,384. The trade was a 28.77 % decrease in their position. The disclosure for this sale can be found here. Insiders own 20.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CLAR. B. Riley dropped their target price on shares of Clarus from $9.00 to $7.00 and set a "buy" rating for the company in a research report on Monday, August 5th. StockNews.com lowered Clarus from a "hold" rating to a "sell" rating in a research note on Saturday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Clarus currently has a consensus rating of "Hold" and a consensus price target of $6.67.

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.