Bank of New York Mellon Corp Has $1.68 Million Holdings in Clarus Co. (NASDAQ:CLAR)

Bank of New York Mellon Corp raised its stake in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 43.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 372,936 shares of the company's stock after buying an additional 112,099 shares during the period. Bank of New York Mellon Corp owned about 0.97% of Clarus worth $1,682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Empowered Funds LLC boosted its position in Clarus by 5.3% during the third quarter. Empowered Funds LLC now owns 95,288 shares of the company's stock valued at $429,000 after purchasing an additional 4,824 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Clarus during the 3rd quarter valued at about $54,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Clarus in the 3rd quarter valued at approximately $420,000. Quadrature Capital Ltd acquired a new position in Clarus in the third quarter worth approximately $100,000. Finally, Stifel Financial Corp raised its position in Clarus by 13.9% during the third quarter. Stifel Financial Corp now owns 299,229 shares of the company's stock valued at $1,347,000 after acquiring an additional 36,517 shares in the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLAR has been the subject of several analyst reports. B. Riley reduced their price objective on shares of Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Lake Street Capital decreased their price target on Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.33.

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Clarus Stock Performance

Shares of NASDAQ:CLAR traded down $0.04 during midday trading on Wednesday, hitting $3.92. The company's stock had a trading volume of 87,688 shares, compared to its average volume of 230,807. The stock's 50 day simple moving average is $4.54 and its 200 day simple moving average is $4.51. The stock has a market capitalization of $150.38 million, a price-to-earnings ratio of 30.16 and a beta of 0.82. Clarus Co. has a fifty-two week low of $3.84 and a fifty-two week high of $7.55.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th will be paid a $0.025 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.55%. Clarus's payout ratio is -7.35%.

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.