Clarus Co. (NASDAQ:CLAR) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 393.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,675 shares of the company's stock after acquiring an additional 53,150 shares during the quarter. JPMorgan Chase & Co. owned about 0.17% of Clarus worth $300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 acquiring an additional 146,766 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Clarus during the 2nd quarter worth about $459,000. Marquette Asset Management LLC acquired a new stake in Clarus during the 3rd quarter worth $310,000. Builder Investment Group Inc. ADV lifted its stake in Clarus by 97.6% in the third 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 during the last quarter. Finally, Legacy Capital Group California Inc. boosted its stake in shares of Clarus by 32.7% during the third quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company's stock worth $64,000 after buying an additional 3,521 shares during the period. 90.30% of the stock is owned by institutional investors.

Insider Activity at Clarus

In other news, Director Michael A. Henning sold 44,600 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $4.46, for a total value of $198,916.00. Following the sale, the director now owns 110,400 shares in the company, valued at approximately $492,384. The trade was a 28.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.40% of the company's stock.

Clarus Stock Down 5.8 %

Shares of NASDAQ CLAR traded down $0.28 during midday trading on Monday, hitting $4.58. The company had a trading volume of 132,549 shares, compared to its average volume of 131,112. The firm has a market capitalization of $175.69 million, a price-to-earnings ratio of 35.23 and a beta of 0.84. The business has a 50-day simple moving average of $4.65 and a two-hundred day simple moving average of $4.62. Clarus Co. has a twelve month low of $3.89 and a twelve month high of $7.55.

Clarus (NASDAQ:CLAR - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. The business had revenue of $67.12 million for the quarter, compared to analyst estimates of $72.98 million. On average, equities analysts forecast that Clarus Co. will post -0.06 EPS for the current year.

Clarus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Monday, November 18th. Clarus's payout ratio is currently 76.93%.

About Clarus

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.