Parthenon LLC Has $2.52 Million Stock Holdings in Clarus Corporation $CLAR

Parthenon LLC increased its position in Clarus Corporation (NASDAQ:CLAR) by 64.4% during the third quarter, Holdings Channel reports. The firm owned 720,240 shares of the company’s stock after buying an additional 282,103 shares during the quarter. Parthenon LLC’s holdings in Clarus were worth $2,521,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Eagle Investment Management LLC increased its position in Clarus by 3.3% during the second quarter. First Eagle Investment Management LLC now owns 957,475 shares of the company’s stock worth $3,322,000 after buying an additional 30,500 shares during the last quarter. Peapod Lane Capital LLC boosted its stake in shares of Clarus by 1.3% during the 2nd quarter. Peapod Lane Capital LLC now owns 485,220 shares of the company’s stock worth $1,684,000 after acquiring an additional 6,215 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Clarus by 7.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 165,335 shares of the company’s stock worth $620,000 after acquiring an additional 10,873 shares during the period. Builder Investment Group Inc. ADV increased its holdings in shares of Clarus by 8.6% during the 3rd quarter. Builder Investment Group Inc. ADV now owns 139,814 shares of the company’s stock worth $489,000 after acquiring an additional 11,024 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in Clarus by 16.7% in the 2nd quarter. Gabelli Funds LLC now owns 70,000 shares of the company’s stock valued at $243,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 90.30% of the company’s stock.

Clarus Trading Down 1.4%

NASDAQ:CLAR opened at $3.61 on Monday. The stock has a 50 day simple moving average of $3.49 and a 200 day simple moving average of $3.52. The stock has a market cap of $138.62 million, a P/E ratio of -1.71 and a beta of 1.08. Clarus Corporation has a 1-year low of $3.02 and a 1-year high of $5.08.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $69.35 million during the quarter, compared to analyst estimates of $66.43 million. Clarus had a negative net margin of 31.52% and a negative return on equity of 4.30%. As a group, sell-side analysts forecast that Clarus Corporation will post -0.06 EPS for the current year.

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 17th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, November 17th. Clarus’s dividend payout ratio (DPR) is currently -4.74%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CLAR shares. Wall Street Zen raised Clarus from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Clarus in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Clarus has an average rating of “Hold” and a consensus target price of $4.75.

About Clarus

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.