Clarus Co. (NASDAQ:CLAR) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its position in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 34.3% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 about 2.05% of Clarus worth $3,541,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Clarus during the 3rd quarter valued at $54,000. Legacy Capital Group California Inc. boosted its stake in Clarus by 40.3% during the 4th quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company's stock valued at $90,000 after purchasing an additional 5,749 shares during the last quarter. Lepercq Multi Asset Fund purchased 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 stake 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 purchasing an additional 4,453 shares during the last quarter. Hedge funds and other institutional investors own 90.30% of the company's stock.

Clarus Price Performance

Shares of CLAR traded down $0.06 during mid-day trading on Thursday, reaching $3.95. 144,828 shares of the company's stock traded hands, compared to its average volume of 233,177. The stock has a market cap of $151.53 million, a P/E ratio of 30.39 and a beta of 0.82. The stock's 50-day moving average is $4.58 and its two-hundred day moving average is $4.51. Clarus Co. has a 12 month low of $3.86 and a 12 month high of $7.55.

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Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, March 17th. Clarus's dividend payout ratio is currently -7.35%.

Analyst Upgrades and Downgrades

CLAR has been the topic of several research analyst reports. Lake Street Capital lowered their price target 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 lowered their price target on Clarus from $5.50 to $5.00 and set a "buy" rating on the stock in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.