UBS Group AG Increases Holdings in Clearfield, Inc. $CLFD

UBS Group AG raised its stake in shares of Clearfield, Inc. (NASDAQ:CLFD) by 13.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 105,849 shares of the communications equipment provider’s stock after buying an additional 12,205 shares during the quarter. UBS Group AG’s holdings in Clearfield were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in Clearfield during the 3rd quarter valued at $42,000. Tower Research Capital LLC TRC raised its stake in Clearfield by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 1,012 shares during the last quarter. Strs Ohio purchased a new stake in Clearfield during the 1st quarter valued at $131,000. Captrust Financial Advisors purchased a new stake in Clearfield during the 2nd quarter valued at $220,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Clearfield during the 2nd quarter valued at $234,000. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Clearfield Price Performance

NASDAQ:CLFD opened at $43.73 on Tuesday. The firm has a market capitalization of $594.29 million, a price-to-earnings ratio of -70.53 and a beta of 1.90. Clearfield, Inc. has a one year low of $23.76 and a one year high of $46.76. The business has a fifty day moving average price of $32.20 and a 200-day moving average price of $31.11.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Wednesday, May 6th. The communications equipment provider reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $34.39 million during the quarter, compared to analyst estimates of $33.58 million. Clearfield had a positive return on equity of 1.03% and a negative net margin of 5.41%.Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. On average, equities research analysts expect that Clearfield, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CLFD has been the subject of a number of research reports. Roth Mkm reiterated a “buy” rating and set a $44.00 target price on shares of Clearfield in a research note on Monday, May 4th. Weiss Ratings lowered shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Finally, Zacks Research lowered shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Clearfield presently has an average rating of “Moderate Buy” and an average price target of $43.75.

Insider Activity at Clearfield

In other news, Director Walter Louis Jones, Jr. sold 2,391 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.05, for a total value of $110,105.55. Following the completion of the sale, the director directly owned 8,682 shares in the company, valued at $399,806.10. This represents a 21.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 17.80% of the stock is owned by company insiders.

About Clearfield

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.