Level Four Advisory Services LLC Invests $315,000 in Clear Secure, Inc. (NYSE:YOU)

Level Four Advisory Services LLC bought a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,815 shares of the company's stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC grew its holdings in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after buying an additional 771 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after purchasing an additional 766 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after acquiring an additional 450 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Clear Secure in the fourth quarter valued at approximately $83,000. Finally, Blue Trust Inc. grew its stake in shares of Clear Secure by 376.0% in the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock valued at $91,000 after buying an additional 2,696 shares during the period. Hedge funds and other institutional investors own 73.80% of the company's stock.

Clear Secure Stock Up 2.4 %

Shares of YOU traded up $0.61 during mid-day trading on Wednesday, hitting $26.41. The company had a trading volume of 1,360,963 shares, compared to its average volume of 1,962,873. The stock has a market cap of $3.61 billion, a PE ratio of 30.71 and a beta of 1.37. The business's 50-day simple moving average is $24.50 and its 200-day simple moving average is $27.91. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

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Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.89%. Clear Secure's payout ratio is 32.47%.

Analyst Ratings Changes

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

Clear Secure Company 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.