Builder Investment Group Inc. ADV Buys 125,573 Shares of Clarus Co. (NASDAQ:CLAR)

Builder Investment Group Inc. ADV lifted its stake in shares of Clarus Co. (NASDAQ:CLAR - Free Report) by 97.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,280 shares of the company's stock after acquiring an additional 125,573 shares during the quarter. Builder Investment Group Inc. ADV owned approximately 0.66% of Clarus worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Marquette Asset Management LLC bought a new position in shares of Clarus during the third quarter worth about $310,000. Deprince Race & Zollo Inc. raised its position in shares of Clarus by 2.7% during the second quarter. Deprince Race & Zollo Inc. now owns 982,427 shares of the company's stock worth $6,612,000 after acquiring an additional 25,495 shares during the last quarter. Sei Investments Co. bought a new position in shares of Clarus during the second quarter worth about $459,000. First Eagle Investment Management LLC raised its position in shares of Clarus by 3.6% during the second quarter. First Eagle Investment Management LLC now owns 547,578 shares of the company's stock worth $3,685,000 after acquiring an additional 18,848 shares during the last quarter. Finally, Old West Investment Management LLC raised its position in shares of Clarus by 8.2% during the second quarter. Old West Investment Management LLC now owns 115,652 shares of the company's stock worth $778,000 after acquiring an additional 8,800 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors.

Insider Activity

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

Clarus Stock Down 1.2 %

Clarus stock traded down $0.05 during mid-day trading on Tuesday, reaching $4.24. 112,070 shares of the company's stock were exchanged, compared to its average volume of 282,809. The business's fifty day simple moving average is $4.41 and its 200 day simple moving average is $5.63. The firm has a market capitalization of $162.65 million, a PE ratio of 23.56 and a beta of 0.83. Clarus Co. has a one year low of $3.89 and a one year high of $7.55.

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

Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Friday, August 9th. Clarus's dividend payout ratio (DPR) is presently 55.56%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CLAR. Roth Capital cut Clarus from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 2nd. Roth Mkm lowered Clarus from a "buy" rating to a "neutral" rating and dropped their target price for the company from $7.50 to $6.00 in a report on Friday, August 2nd. B. Riley dropped their target price on Clarus from $9.00 to $7.00 and set a "buy" rating on the stock in a report on Monday, August 5th. Finally, StockNews.com lowered Clarus from a "hold" rating to a "sell" rating in a report on Saturday, August 10th. One 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. Based on data from MarketBeat, Clarus currently has a consensus rating of "Hold" and a consensus target price of $6.67.

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.