AQR Capital Management LLC Has $73,000 Stake in Clarus Co. (NASDAQ:CLAR)

AQR Capital Management LLC cut its stake in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 93.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,811 shares of the company's stock after selling 155,160 shares during the quarter. AQR Capital Management LLC's holdings in Clarus were worth $73,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. acquired a new stake in shares of Clarus in the 2nd quarter worth about $459,000. First Eagle Investment Management LLC increased its stake in shares of Clarus by 3.6% in the second quarter. First Eagle Investment Management LLC now owns 547,578 shares of the company's stock valued at $3,685,000 after purchasing an additional 18,848 shares during the period. Old West Investment Management LLC increased its stake in shares of Clarus by 8.2% in the second quarter. Old West Investment Management LLC now owns 115,652 shares of the company's stock valued at $778,000 after purchasing an additional 8,800 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Clarus by 22.8% during the second quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company's stock valued at $5,325,000 after buying an additional 146,766 shares during the last quarter. Finally, American Century Companies Inc. boosted 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 buying an additional 101,822 shares during the period. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clarus

In related news, Chairman Warren B. Kanders acquired 30,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of $4.05 per share, with a total value of $121,500.00. Following the completion of the transaction, the chairman now owns 4,075,527 shares of the company's stock, valued at approximately $16,505,884.35. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman Warren B. Kanders purchased 200,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $4.19 per share, with a total value of $838,000.00. Following the purchase, the chairman now owns 4,045,527 shares in the company, valued at $16,950,758.13. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Warren B. Kanders acquired 30,000 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average cost of $4.05 per share, for a total transaction of $121,500.00. Following the transaction, the chairman now owns 4,075,527 shares of the company's stock, valued at approximately $16,505,884.35. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 20.40% of the stock is owned by insiders.

Clarus Stock Performance

Shares of NASDAQ CLAR traded down $0.06 during trading on Friday, hitting $4.39. The company had a trading volume of 198,148 shares, compared to its average volume of 284,365. Clarus Co. has a 52 week low of $3.89 and a 52 week high of $7.55. The business's 50-day moving average is $4.41 and its 200 day moving average is $5.67. The company has a market cap of $168.40 million, a P/E ratio of 24.39 and a beta of 0.83.

Clarus (NASDAQ:CLAR - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported ($0.06) EPS for the quarter. Clarus had a net margin of 2.23% and a negative return on equity of 0.75%. The company had revenue of $56.48 million for the quarter, compared to analysts' expectations of $59.28 million. During the same period in the prior year, the company earned $0.07 earnings per share. On average, research analysts expect that Clarus Co. will post 0.02 EPS for the current year.

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, August 9th. Clarus's payout ratio is 55.56%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CLAR shares. StockNews.com downgraded Clarus from a "hold" rating to a "sell" rating in a research note on Saturday, August 10th. Roth Mkm cut shares of Clarus from a "buy" rating to a "neutral" rating and cut their price objective for the company from $7.50 to $6.00 in a research note on Friday, August 2nd. B. Riley decreased their target price on shares of Clarus from $9.00 to $7.00 and set a "buy" rating for the company in a research report on Monday, August 5th. Finally, Roth Capital cut shares of Clarus from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.