Vanguard Group Inc. Sells 10,837 Shares of Clearfield, Inc. (NASDAQ:CLFD)

Vanguard Group Inc. trimmed its position in shares of Clearfield, Inc. (NASDAQ:CLFD - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 944,140 shares of the communications equipment provider's stock after selling 10,837 shares during the period. Vanguard Group Inc. owned approximately 6.68% of Clearfield worth $29,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CLFD. SG Americas Securities LLC lifted its holdings in shares of Clearfield by 45.5% during 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 period. American Century Companies Inc. raised its position in Clearfield by 11.1% in the fourth quarter. American Century Companies Inc. now owns 23,514 shares of the communications equipment provider's stock worth $729,000 after purchasing an additional 2,344 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Clearfield during the fourth quarter worth about $74,000. Quantbot Technologies LP boosted its holdings in Clearfield by 261.4% during the fourth quarter. Quantbot Technologies LP now owns 4,879 shares of the communications equipment provider's stock valued at $151,000 after purchasing an additional 3,529 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Clearfield in the 4th quarter valued at approximately $233,000. 88.73% of the stock is currently owned by institutional investors.

Clearfield Price Performance

Shares of CLFD stock opened at $26.51 on Tuesday. Clearfield, Inc. has a 52 week low of $23.78 and a 52 week high of $44.83. The stock has a market capitalization of $374.64 million, a PE ratio of -42.08 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.41 and a current ratio of 10.57. The stock's fifty day moving average is $30.36 and its 200-day moving average is $32.96.

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Clearfield (NASDAQ:CLFD - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.13. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.31%. Equities research analysts expect that Clearfield, Inc. will post -0.29 EPS for the current fiscal year.

Insider Activity

In related news, COO John P. Hill sold 16,539 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $33.26, for a total value of $550,087.14. Following the transaction, the chief operating officer now owns 189,886 shares in the company, valued at $6,315,608.36. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.80% of the company's stock.

Analyst Upgrades and Downgrades

CLFD has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price target on shares of Clearfield in a research note on Wednesday, March 26th. StockNews.com upgraded shares of Clearfield from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.75.

Clearfield Company Profile

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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