Victory Capital Management Inc. purchased a new position in shares of Clarus Co. (NASDAQ:CLAR) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,764 shares of the company’s stock, valued at approximately $252,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Susquehanna International Group LLP increased its stake in shares of Clarus by 28.9% during the 4th quarter. Susquehanna International Group LLP now owns 15,774 shares of the company’s stock worth $243,000 after purchasing an additional 3,538 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Clarus by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 606,074 shares of the company’s stock valued at $9,333,000 after buying an additional 27,904 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Clarus by 291.7% in the 4th quarter. JPMorgan Chase & Co. now owns 95,098 shares of the company’s stock valued at $1,464,000 after buying an additional 70,818 shares during the last quarter. Jane Street Group LLC acquired a new position in Clarus in the 4th quarter valued at $191,000. Finally, Squarepoint Ops LLC acquired a new position in Clarus in the 4th quarter valued at $190,000. Institutional investors own 63.84% of the company’s stock.
In other news, major shareholder Warren B. Kanders sold 83,322 shares of the firm’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $17.96, for a total transaction of $1,496,463.12. Following the completion of the transaction, the insider now directly owns 3,803,343 shares of the company’s stock, valued at approximately $68,308,040.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Warren B. Kanders sold 60,000 shares of the firm’s stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $16.78, for a total transaction of $1,006,800.00. Following the transaction, the chairman now directly owns 3,730,131 shares of the company’s stock, valued at $62,591,598.18. The disclosure for this sale can be found here. Insiders have sold a total of 168,322 shares of company stock valued at $2,943,763 over the last ninety days. 28.50% of the stock is owned by insiders.
Clarus (NASDAQ:CLAR) last posted its quarterly earnings results on Sunday, May 9th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. Clarus had a net margin of 4.55% and a return on equity of 11.59%. Sell-side analysts forecast that Clarus Co. will post 0.89 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 21st. Stockholders of record on Monday, May 10th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Friday, May 7th. Clarus’s payout ratio is 18.87%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Clarus from a “buy” rating to a “hold” rating in a research note on Wednesday. DA Davidson raised their target price on shares of Clarus from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, May 11th. Lake Street Capital raised their target price on shares of Clarus from $18.00 to $22.00 in a research note on Tuesday, March 9th. Finally, Roth Capital raised their price target on shares of Clarus from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, May 11th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $25.25.
Clarus Company Profile
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products focusing on the climb, ski, mountain, sport, and skincare markets.
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