Royce & Associates LP increased its stake in shares of Clearfield, Inc. (NASDAQ:CLFD - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478,809 shares of the communications equipment provider's stock after acquiring an additional 14,464 shares during the quarter. Royce & Associates LP owned approximately 3.39% of Clearfield worth $14,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of CLFD. Segall Bryant & Hamill LLC grew its holdings in shares of Clearfield by 12.2% in the third quarter. Segall Bryant & Hamill LLC now owns 249,087 shares of the communications equipment provider's stock worth $9,704,000 after purchasing an additional 27,178 shares during the last quarter. Barclays PLC boosted its position in Clearfield by 164.2% during the 3rd quarter. Barclays PLC now owns 87,971 shares of the communications equipment provider's stock valued at $3,428,000 after buying an additional 54,670 shares during the period. SG Americas Securities LLC grew its holdings in Clearfield by 45.5% in the 4th quarter. SG Americas Securities LLC now owns 5,297 shares of the communications equipment provider's stock worth $164,000 after acquiring an additional 1,656 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Clearfield by 2.7% in the third quarter. Janus Henderson Group PLC now owns 30,062 shares of the communications equipment provider's stock valued at $1,171,000 after acquiring an additional 794 shares during the period. Finally, Drum Hill Capital LLC bought a new position in shares of Clearfield during the fourth quarter valued at about $1,539,000. 88.73% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, COO John P. Hill sold 16,539 shares of Clearfield stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $33.26, for a total transaction of $550,087.14. Following the completion of the transaction, the chief operating officer now directly owns 189,886 shares in the company, valued at approximately $6,315,608.36. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 17.80% of the company's stock.
Clearfield Stock Down 0.9 %
CLFD traded down $0.28 on Friday, hitting $31.27. The company had a trading volume of 116,235 shares, compared to its average volume of 130,202. Clearfield, Inc. has a 52-week low of $26.94 and a 52-week high of $44.83. The stock has a fifty day simple moving average of $33.82 and a 200-day simple moving average of $34.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.57 and a quick ratio of 7.41. The firm has a market capitalization of $441.91 million, a P/E ratio of -49.63 and a beta of 1.26.
Clearfield (NASDAQ:CLFD - Get Free Report) last released its earnings results on Thursday, February 6th. The communications equipment provider reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.13. Clearfield had a negative return on equity of 3.31% and a negative net margin of 5.41%. As a group, equities analysts expect that Clearfield, Inc. will post -0.29 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on CLFD shares. StockNews.com upgraded Clearfield from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Needham & Company LLC reissued a "buy" rating and set a $50.00 target price on shares of Clearfield in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Clearfield has a consensus rating of "Moderate Buy" and a consensus target price of $46.75.
Read Our Latest Report on Clearfield
Clearfield Profile
(
Free Report)
Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.
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