Sei Investments Co. Lowers Stock Holdings in Clarus Corporation $CLAR

Sei Investments Co. lowered its stake in Clarus Corporation (NASDAQ:CLAR) by 91.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,497 shares of the company’s stock after selling 175,949 shares during the period. Sei Investments Co.’s holdings in Clarus were worth $45,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Abel Hall LLC acquired a new stake in shares of Clarus during the fourth quarter worth $39,000. Verition Fund Management LLC acquired a new position in Clarus in the 3rd quarter valued at $50,000. Quadrature Capital Ltd purchased a new position in Clarus during the 4th quarter worth $56,000. Virtu Financial LLC purchased a new position in Clarus during the 4th quarter worth $62,000. Finally, Millennium Management LLC acquired a new stake in shares of Clarus in the 4th quarter worth $70,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CLAR shares. Zacks Research lowered shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clarus in a report on Wednesday, June 3rd. Roth Capital boosted their target price on Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, B. Riley Financial increased their target price on Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.06.

Clarus Stock Down 0.3%

NASDAQ:CLAR opened at $3.62 on Wednesday. The firm’s fifty day simple moving average is $3.30 and its 200-day simple moving average is $3.09. The stock has a market cap of $139.15 million, a PE ratio of -4.41 and a beta of 1.05. Clarus Corporation has a fifty-two week low of $2.53 and a fifty-two week high of $4.03.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.25. The firm had revenue of $56.16 million during the quarter, compared to analysts’ expectations of $51.54 million. Clarus had a negative net margin of 12.44% and a positive return on equity of 4.35%.

Clarus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.8%. Clarus’s payout ratio is -12.20%.

Clarus Profile

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.