Abel Hall LLC Takes $37,000 Position in Clarus Corporation $CLAR

Abel Hall LLC acquired a new stake in shares of Clarus Corporation (NASDAQ:CLAR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,718 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Clarus by 7.0% during the first quarter. Goldman Sachs Group Inc. now owns 165,335 shares of the company’s stock valued at $620,000 after acquiring an additional 10,873 shares in the last quarter. Strs Ohio acquired a new position in shares of Clarus during the first quarter valued at about $425,000. Jane Street Group LLC acquired a new position in shares of Clarus during the first quarter valued at about $107,000. Greenhouse Funds LLLP increased its holdings in shares of Clarus by 0.9% during the first quarter. Greenhouse Funds LLLP now owns 5,448,431 shares of the company’s stock valued at $20,432,000 after acquiring an additional 47,810 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Clarus by 8.9% during the first quarter. Gamco Investors INC. ET AL now owns 305,000 shares of the company’s stock valued at $1,144,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Stock Up 0.9%

Shares of NASDAQ CLAR opened at $3.38 on Friday. The business’s 50 day moving average price is $3.56 and its 200 day moving average price is $3.51. The firm has a market cap of $129.80 million, a P/E ratio of -1.57 and a beta of 0.93. Clarus Corporation has a 52 week low of $3.02 and a 52 week high of $5.29.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Monday, August 11th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, August 11th. Clarus’s dividend payout ratio is currently -4.65%.

Insider Buying and Selling

In related news, Chairman Warren B. Kanders acquired 89,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were acquired at an average price of $3.23 per share, for a total transaction of $287,470.00. Following the transaction, the chairman owned 4,444,326 shares in the company, valued at approximately $14,355,172.98. This trade represents a 2.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.30% of the company’s stock.

Analyst Ratings Changes

CLAR has been the topic of several recent analyst reports. Lake Street Capital restated a “hold” rating and set a $3.50 price objective on shares of Clarus in a report on Friday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.75.

Clarus Company Profile

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.