Clarus Corporation (NASDAQ:CLAR) Announces Quarterly Dividend of $0.03

Clarus Corporation (NASDAQ:CLAR) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.0250 per share on Wednesday, November 25th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Monday, November 16th.

Clarus has a dividend payout ratio of -66.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Clarus to earn $0.14 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 71.4%.

Clarus Stock Performance

Shares of CLAR stock opened at $4.38 on Thursday. The stock’s 50 day simple moving average is $3.70 and its 200 day simple moving average is $3.28. Clarus has a twelve month low of $2.53 and a twelve month high of $4.70. The company has a market capitalization of $168.33 million, a price-to-earnings ratio of -5.34 and a beta of 1.03.

Clarus (NASDAQ:CLAR) last posted its earnings results on Thursday, August 6th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.25. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%. The firm had revenue of $56.16 million during the quarter, compared to analyst estimates of $51.54 million. On average, analysts forecast that Clarus will post 0.25 EPS for the current fiscal year.

Institutional Trading of Clarus

A number of hedge funds have recently bought and sold shares of CLAR. BlackRock Inc. acquired a new position in shares of Clarus during the second quarter valued at about $1,454,000. Bank of New York Mellon Corp bought a new stake in shares of Clarus in the second quarter valued at about $557,000. GSA Capital Partners LLP bought a new stake in shares of Clarus in the second quarter valued at about $652,000. Squarepoint Ops LLC grew its position in Clarus by 88.8% during the second quarter. Squarepoint Ops LLC now owns 127,426 shares of the company’s stock worth $401,000 after buying an additional 59,922 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in Clarus during the second quarter worth about $33,000. 90.30% of the stock is owned by institutional investors.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company headquartered in Salt Lake City, Utah. The company develops, manufactures and markets products for climbing, mountaineering, skiing, camping, overlanding and other outdoor activities.

Clarus’s portfolio includes Black Diamond Equipment, which offers climbing and mountaineering gear, skis, ski equipment, apparel and accessories. The company also owns Rhino-Rack, a provider of vehicle-based storage and transportation systems, and MAXTRAX, which makes vehicle recovery boards and related off-road products.