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

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.

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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.

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.