EntryPoint Capital LLC Makes New Investment in Clear Secure, Inc. (NYSE:YOU)

EntryPoint Capital LLC acquired a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,734 shares of the company's stock, valued at approximately $286,000.

Other large investors have also modified their holdings of the company. Harbour Investments Inc. boosted its stake in Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after buying an additional 450 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Clear Secure by 2.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the company's stock valued at $590,000 after acquiring an additional 461 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Clear Secure by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company's stock valued at $843,000 after acquiring an additional 509 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Clear Secure by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company's stock valued at $499,000 after acquiring an additional 612 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after purchasing an additional 766 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

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Clear Secure Trading Down 0.6 %

NYSE YOU traded down $0.16 during trading hours on Tuesday, reaching $25.76. 1,223,960 shares of the company's stock were exchanged, compared to its average volume of 1,964,677. The firm has a fifty day moving average of $24.46 and a 200-day moving average of $27.92. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The stock has a market cap of $3.53 billion, a PE ratio of 29.95 and a beta of 1.37.

Clear Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure's dividend payout ratio is currently 32.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on YOU shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Stifel Nicolaus decreased their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $34.00.

Clear Secure 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.