Free Trial

First Eagle Investment Management LLC Boosts Position in Clarus Co. (NASDAQ:CLAR)

Clarus logo with Consumer Discretionary background
Remove Ads

First Eagle Investment Management LLC lifted its holdings in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 34.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 785,200 shares of the company's stock after acquiring an additional 200,500 shares during the period. First Eagle Investment Management LLC owned 2.05% of Clarus worth $3,541,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in Clarus during the third quarter worth approximately $54,000. Legacy Capital Group California Inc. increased its position in Clarus by 40.3% during the fourth quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company's stock worth $90,000 after buying an additional 5,749 shares during the period. Lepercq Multi Asset Fund acquired a new position in Clarus during the fourth quarter worth approximately $95,000. PNC Financial Services Group Inc. increased its holdings in shares of Clarus by 25.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,123 shares of the company's stock valued at $100,000 after purchasing an additional 4,453 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Clarus in the third quarter valued at approximately $100,000. Institutional investors and hedge funds own 90.30% of the company's stock.

Clarus Stock Down 1.1 %

Shares of Clarus stock traded down $0.05 during trading on Tuesday, reaching $4.00. The company's stock had a trading volume of 82,152 shares, compared to its average volume of 138,925. Clarus Co. has a 12-month low of $3.86 and a 12-month high of $7.55. The company has a market capitalization of $153.26 million, a P/E ratio of 30.73 and a beta of 0.82. The business has a 50 day moving average price of $4.60 and a 200-day moving average price of $4.52.

Remove Ads

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.50%. Clarus's dividend payout ratio (DPR) is presently -7.35%.

Analyst Upgrades and Downgrades

CLAR has been the topic of a number of recent research reports. Lake Street Capital dropped their target price on Clarus from $5.50 to $5.00 and set a "buy" rating on the stock in a report on Friday, March 7th. B. Riley dropped their target price on Clarus from $5.50 to $5.00 and set a "buy" rating on the stock in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $5.33.

Read Our Latest Stock Report on CLAR

Clarus Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Clarus (NASDAQ:CLAR)

Should You Invest $1,000 in Clarus Right Now?

Before you consider Clarus, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clarus wasn't on the list.

While Clarus currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

SMCI’s Rally Isn’t Over – Here’s Why It Could Hit $100!
7 Flying Car Stocks to Buy Before the Sector Really Takes Off
Institutions Are Dumping These 3 Stocks—Should You?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads