Gamco Investors INC. ET AL Purchases 105,500 Shares of Clarus Co. (NASDAQ:CLAR)

Gamco Investors INC. ET AL grew its holdings in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 60.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 280,000 shares of the company's stock after purchasing an additional 105,500 shares during the period. Gamco Investors INC. ET AL owned 0.73% of Clarus worth $1,263,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CLAR. Stifel Financial Corp grew its position in Clarus by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 299,229 shares of the company's stock valued at $1,347,000 after buying an additional 36,517 shares in the last quarter. State Street Corp grew its position in Clarus by 0.7% in the 3rd quarter. State Street Corp now owns 566,027 shares of the company's stock valued at $2,547,000 after buying an additional 3,789 shares in the last quarter. XTX Topco Ltd bought a new position in Clarus in the 3rd quarter valued at about $104,000. Public Employees Retirement System of Ohio bought a new position in Clarus in the 3rd quarter valued at about $107,000. Finally, Barclays PLC grew its position in Clarus by 263.4% in the 3rd quarter. Barclays PLC now owns 40,478 shares of the company's stock valued at $183,000 after buying an additional 29,340 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company's stock.

Clarus Price Performance

NASDAQ CLAR traded up $0.05 on Thursday, hitting $3.47. 46,208 shares of the stock were exchanged, compared to its average volume of 235,974. Clarus Co. has a 52-week low of $3.18 and a 52-week high of $7.55. The company has a market capitalization of $132.92 million, a price-to-earnings ratio of 26.66 and a beta of 0.85. The company's 50-day moving average price is $3.98 and its two-hundred day moving average price is $4.36.

Clarus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Monday, March 17th. Clarus's dividend payout ratio (DPR) is -7.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CLAR shares. Lake Street Capital reduced their price objective on shares of Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research report on Friday, March 7th. B. Riley reduced their price objective on shares of Clarus from $5.50 to $5.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Finally, Stifel Nicolaus reduced their price objective on shares of Clarus from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $5.75.

Clarus 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.