First Eagle Investment Management LLC Raises Stake in Clarus Co. (NASDAQ:CLAR)

First Eagle Investment Management LLC raised its holdings in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 34.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 785,200 shares of the company's stock after buying an additional 200,500 shares during the period. First Eagle Investment Management LLC owned about 2.05% of Clarus worth $3,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Clarus during the 3rd quarter worth approximately $54,000. Legacy Capital Group California Inc. increased its stake in shares of Clarus by 40.3% in 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 bought a new stake in Clarus during the 4th quarter valued at $95,000. Quadrature Capital Ltd purchased a new stake in Clarus during the 3rd quarter valued at $100,000. Finally, PNC Financial Services Group Inc. boosted its position in Clarus by 25.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 22,123 shares of the company's stock valued at $100,000 after buying an additional 4,453 shares during the period. 90.30% of the stock is owned by institutional investors.

Clarus Price Performance

CLAR traded up $0.02 on Monday, hitting $4.04. The company had a trading volume of 205,410 shares, compared to its average volume of 235,159. The stock has a fifty day simple moving average of $4.61 and a 200-day simple moving average of $4.52. The firm has a market capitalization of $154.98 million, a P/E ratio of 31.08 and a beta of 0.82. Clarus Co. has a 52-week low of $3.81 and a 52-week high of $7.55.

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Clarus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be given a dividend of $0.025 per share. The ex-dividend date is Monday, March 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.48%. Clarus's dividend payout ratio is presently -7.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CLAR shares. Lake Street Capital lowered 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 Friday, March 7th. B. Riley lowered their price target on Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Clarus presently has a consensus rating of "Hold" and an average price target of $5.33.

Clarus Company 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.