Jacobi Capital Management LLC Invests $2.99 Million in Clear Secure, Inc. (NYSE:YOU)

Jacobi Capital Management LLC acquired a new position in Clear Secure, Inc. (NYSE:YOU - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 112,183 shares of the company's stock, valued at approximately $2,989,000. Jacobi Capital Management LLC owned 0.08% of Clear Secure at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Clear Secure in the 3rd quarter worth approximately $26,000. GAMMA Investing LLC increased its position in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after buying an additional 771 shares during the period. KBC Group NV bought a new stake in Clear Secure in the third quarter valued at $90,000. Blue Trust Inc. boosted its holdings in shares of Clear Secure by 376.0% during the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock valued at $91,000 after acquiring an additional 2,696 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Clear Secure by 468.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,790 shares of the company's stock worth $181,000 after acquiring an additional 5,596 shares during the last quarter. Institutional investors own 73.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on YOU shares. Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Wedbush reissued a "neutral" rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Finally, Stifel Nicolaus reduced their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

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Clear Secure Price Performance

Shares of NYSE YOU traded up $0.89 during mid-day trading on Wednesday, reaching $25.06. 4,321,716 shares of the company traded hands, compared to its average volume of 2,083,637. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The firm has a market cap of $3.49 billion, a PE ratio of 29.14 and a beta of 1.38. The stock has a fifty day simple moving average of $24.71 and a 200-day simple moving average of $28.38.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure's dividend payout ratio is presently 32.47%.

About Clear Secure

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.