XTX Topco Ltd Takes Position in Clearfield, Inc. (NASDAQ:CLFD)

XTX Topco Ltd bought a new position in shares of Clearfield, Inc. (NASDAQ:CLFD) during the 4th quarter, HoldingsChannel.com reports. The fund bought 21,095 shares of the communications equipment provider’s stock, valued at approximately $654,000.

A number of other large investors have also bought and sold shares of CLFD. Barclays PLC boosted its position in shares of Clearfield by 164.2% during the 3rd quarter. Barclays PLC now owns 87,971 shares of the communications equipment provider’s stock worth $3,428,000 after purchasing an additional 54,670 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Clearfield by 45.5% in the fourth quarter. SG Americas Securities LLC now owns 5,297 shares of the communications equipment provider’s stock worth $164,000 after acquiring an additional 1,656 shares in the last quarter. Drum Hill Capital LLC bought a new position in Clearfield in the fourth quarter worth approximately $1,539,000. Skylands Capital LLC acquired a new stake in Clearfield in the fourth quarter valued at approximately $645,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Clearfield during the fourth quarter valued at approximately $721,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CLFD. StockNews.com raised shares of Clearfield from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Clearfield in a report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Clearfield Stock Up 0.1 %

Shares of NASDAQ:CLFD opened at $26.51 on Friday. The business’s 50 day moving average is $29.68 and its 200 day moving average is $32.71. Clearfield, Inc. has a 12-month low of $23.78 and a 12-month high of $44.83. The stock has a market cap of $374.64 million, a price-to-earnings ratio of -42.08 and a beta of 1.51. The company has a quick ratio of 7.41, a current ratio of 10.57 and a debt-to-equity ratio of 0.01.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.31%. On average, sell-side analysts forecast that Clearfield, Inc. will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clearfield news, COO John P. Hill sold 16,539 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $33.26, for a total value of $550,087.14. Following the completion of the sale, the chief operating officer now owns 189,886 shares in the company, valued at approximately $6,315,608.36. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.80% of the stock is owned by corporate insiders.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.