Renaissance Technologies LLC Boosts Stock Position in ClearOne, Inc. (NASDAQ:CLRO)

Renaissance Technologies LLC boosted its stake in shares of ClearOne, Inc. (NASDAQ:CLRO) by 7.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 502,760 shares of the communications equipment provider’s stock after acquiring an additional 34,100 shares during the period. Renaissance Technologies LLC’s holdings in ClearOne were worth $1,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CLRO. Virtu Financial LLC purchased a new stake in ClearOne during the 4th quarter worth about $58,000. Dimensional Fund Advisors LP increased its holdings in ClearOne by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 59,750 shares of the communications equipment provider’s stock worth $136,000 after purchasing an additional 3,246 shares during the period. Finally, Essex Investment Management Co. LLC increased its holdings in ClearOne by 36.7% during the 1st quarter. Essex Investment Management Co. LLC now owns 165,774 shares of the communications equipment provider’s stock worth $597,000 after purchasing an additional 44,493 shares during the period. Institutional investors own 6.56% of the company’s stock.

Separately, TheStreet upgraded ClearOne from a “d+” rating to a “c” rating in a report on Wednesday, March 31st.

Shares of NASDAQ CLRO opened at $2.84 on Thursday. The business’s 50-day moving average is $2.46. The company has a current ratio of 3.91, a quick ratio of 2.45 and a debt-to-equity ratio of 0.06. ClearOne, Inc. has a 1-year low of $1.56 and a 1-year high of $4.28. The stock has a market cap of $53.32 million, a P/E ratio of 284.28 and a beta of 1.42.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings data on Thursday, May 13th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $7.04 million for the quarter. ClearOne had a return on equity of 5.54% and a net margin of 2.29%.

In other news, major shareholder Edward D. Bagley bought 19,000 shares of the firm’s stock in a transaction that occurred on Friday, May 14th. The stock was purchased at an average cost of $2.32 per share, with a total value of $44,080.00. Following the transaction, the insider now directly owns 8,350,357 shares in the company, valued at $19,372,828.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Edward D. Bagley bought 19,005 shares of the firm’s stock in a transaction that occurred on Monday, May 17th. The stock was purchased at an average cost of $2.29 per share, with a total value of $43,521.45. Following the completion of the transaction, the insider now owns 8,350,357 shares in the company, valued at $19,122,317.53. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 51,005 shares of company stock valued at $116,201. Insiders own 6.09% of the company’s stock.

ClearOne Company Profile

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.

Further Reading: After-Hours Trading

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Institutional Ownership by Quarter for ClearOne (NASDAQ:CLRO)

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