Balboa Wealth Partners Takes Position in Clear Secure, Inc. (NYSE:YOU)

Balboa Wealth Partners acquired a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 26,321 shares of the company's stock, valued at approximately $701,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in Clear Secure in the third quarter worth $2,010,000. Foundry Partners LLC increased its stake in shares of Clear Secure by 667.5% in the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company's stock worth $7,086,000 after acquiring an additional 185,957 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Clear Secure during the 3rd quarter valued at about $2,401,000. FMR LLC lifted its position in Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock valued at $218,672,000 after acquiring an additional 1,547,692 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after acquiring an additional 466,901 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Clear Secure Stock Performance

Shares of YOU stock traded up $1.88 during mid-day trading on Monday, hitting $26.40. The company's stock had a trading volume of 2,382,949 shares, compared to its average volume of 1,875,170. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 30.70 and a beta of 1.37. The business has a 50-day moving average price of $24.40 and a 200 day moving average price of $28.19.

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Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure's dividend payout ratio is currently 32.47%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on YOU. Telsey Advisory Group reiterated an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Finally, Stifel Nicolaus reduced their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.