Entropy Technologies LP Invests $895,000 in Clear Secure, Inc. (NYSE:YOU)

Entropy Technologies LP bought a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,018 shares of the company's stock, valued at approximately $895,000.

Several other institutional investors and hedge funds also recently made changes to their positions in YOU. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Clear Secure during the second quarter worth $26,000. Capital Performance Advisors LLP acquired a new position in shares of Clear Secure during the 3rd quarter worth about $26,000. Future Financial Wealth Managment LLC bought a new stake in shares of Clear Secure in the 3rd quarter valued at about $33,000. Plato Investment Management Ltd increased its stake in Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock valued at $96,000 after purchasing an additional 5,057 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in Clear Secure in the third quarter worth $105,000. Institutional investors own 73.80% of the company's stock.

Clear Secure Stock Performance

NYSE YOU traded up $0.30 during trading on Thursday, hitting $26.77. The stock had a trading volume of 1,001,818 shares, compared to its average volume of 1,768,816. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The company's 50-day moving average price is $32.93 and its two-hundred day moving average price is $25.02. The company has a market capitalization of $3.73 billion, a PE ratio of 30.78 and a beta of 1.63.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The business had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. As a group, equities analysts anticipate that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be issued a $0.125 dividend. This is a boost from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.87%. Clear Secure's dividend payout ratio (DPR) is presently 46.51%.

Insider Activity at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company's stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the company's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Z. Barkin sold 25,000 shares of Clear Secure stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $28.64, for a total value of $716,000.00. Following the transaction, the director now owns 7,056 shares of the company's stock, valued at $202,083.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,006,435 shares of company stock valued at $32,173,077. 37.85% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Needham & Company LLC restated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a report on Friday, November 8th. Telsey Advisory Group lifted their price objective on Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Stifel Nicolaus increased their target price on Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Clear Secure presently has a consensus rating of "Hold" and a consensus target price of $32.67.

Clear Secure Company Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.