Clearfield, Inc. $CLFD Stake Boosted by Royal Bank of Canada

Royal Bank of Canada lifted its stake in shares of Clearfield, Inc. (NASDAQ:CLFD) by 21.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 282,350 shares of the communications equipment provider’s stock after purchasing an additional 49,249 shares during the quarter. Royal Bank of Canada’s holdings in Clearfield were worth $7,474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CLFD. Cooper Creek Partners Management LLC boosted its position in Clearfield by 1,705.7% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 479,741 shares of the communications equipment provider’s stock valued at $16,493,000 after purchasing an additional 453,173 shares during the period. Ancora Advisors LLC lifted its stake in Clearfield by 445.2% in the third quarter. Ancora Advisors LLC now owns 179,640 shares of the communications equipment provider’s stock valued at $6,176,000 after buying an additional 146,690 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Clearfield by 286.3% in the third quarter. Russell Investments Group Ltd. now owns 156,014 shares of the communications equipment provider’s stock valued at $5,364,000 after buying an additional 115,626 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in shares of Clearfield by 48.4% during the third quarter. Punch & Associates Investment Management Inc. now owns 262,610 shares of the communications equipment provider’s stock valued at $9,029,000 after acquiring an additional 85,610 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in shares of Clearfield during the second quarter valued at $2,307,000. Institutional investors own 88.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Needham & Company LLC dropped their price objective on shares of Clearfield from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Clearfield in a research note on Friday. Lake Street Capital set a $38.00 target price on shares of Clearfield in a research report on Thursday. Finally, Roth Capital restated a “buy” rating and issued a $44.00 price target on shares of Clearfield in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.75.

Clearfield Trading Up 4.8%

Shares of Clearfield stock opened at $28.79 on Tuesday. The company’s 50-day moving average price is $35.37 and its two-hundred day moving average price is $33.60. Clearfield, Inc. has a 52 week low of $23.76 and a 52 week high of $52.73. The stock has a market cap of $391.23 million, a PE ratio of -56.45 and a beta of 2.12.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $43.86 million during the quarter, compared to analyst estimates of $43.92 million. Clearfield had a negative net margin of 4.71% and a positive return on equity of 1.61%. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. On average, equities analysts predict that Clearfield, Inc. will post 0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Anis Khemakhem sold 1,684 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $39.90, for a total transaction of $67,191.60. Following the completion of the sale, the insider directly owned 25,126 shares in the company, valued at approximately $1,002,527.40. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 17.80% of the company’s stock.

Clearfield Company Profile

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.