Insider Selling: Clarus Co. (NASDAQ:CLAR) Director Sells 44,600 Shares of Stock

Clarus Co. (NASDAQ:CLAR - Get Free Report) Director Michael A. Henning sold 44,600 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total transaction of $198,916.00. Following the transaction, the director now directly owns 110,400 shares in the company, valued at approximately $492,384. This represents a 28.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Clarus Trading Up 4.2 %

Shares of CLAR traded up $0.18 on Friday, reaching $4.48. 407,034 shares of the company's stock traded hands, compared to its average volume of 281,468. The stock's 50 day simple moving average is $4.40 and its two-hundred day simple moving average is $5.41. The stock has a market cap of $171.85 million, a PE ratio of 34.46 and a beta of 0.83. Clarus Co. has a 52-week low of $3.89 and a 52-week high of $7.55.

Clarus (NASDAQ:CLAR - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The business had revenue of $67.12 million for the quarter, compared to the consensus estimate of $72.98 million. Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. Analysts forecast that Clarus Co. will post 0.02 earnings per share for the current year.

Clarus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, November 18th. Clarus's dividend payout ratio is currently 76.93%.

Institutional Investors Weigh In On Clarus

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Clarus by 22.8% during the second quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company's stock worth $5,325,000 after purchasing an additional 146,766 shares during the period. First Eagle Investment Management LLC boosted its holdings in Clarus by 35.0% in the 1st quarter. First Eagle Investment Management LLC now owns 528,730 shares of the company's stock worth $3,569,000 after buying an additional 137,000 shares during the period. Builder Investment Group Inc. ADV grew its stake in Clarus by 97.6% in the 3rd quarter. Builder Investment Group Inc. ADV now owns 254,280 shares of the company's stock valued at $1,144,000 after buying an additional 125,573 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Clarus by 67.5% during the second quarter. American Century Companies Inc. now owns 252,573 shares of the company's stock worth $1,700,000 after acquiring an additional 101,822 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Clarus in the third quarter worth $420,000. Hedge funds and other institutional investors own 90.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CLAR. Roth Capital cut shares of Clarus from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 2nd. B. Riley decreased their price objective on Clarus from $9.00 to $7.00 and set a "buy" rating for the company in a report on Monday, August 5th. Roth Mkm lowered Clarus from a "buy" rating to a "neutral" rating and lowered their price target for the company from $7.50 to $6.00 in a research report on Friday, August 2nd. Finally, StockNews.com downgraded shares of Clarus from a "hold" rating to a "sell" rating in a report on Saturday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $6.67.

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.

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