Clarus Corporation (NASDAQ:CLAR) Given Average Recommendation of “Hold” by Brokerages

Clarus Corporation (NASDAQ:CLAR) has earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.6333.

A number of equities analysts have issued reports on CLAR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a research report on Wednesday, June 3rd. Wall Street Zen raised Clarus from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Zacks Research lowered Clarus from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Roth Capital set a $2.90 price target on shares of Clarus in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus set a $5.00 price target on shares of Clarus in a research note on Thursday, April 16th.

Institutional Trading of Clarus

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

Clarus Price Performance

NASDAQ:CLAR opened at $3.43 on Monday. Clarus has a 52 week low of $2.53 and a 52 week high of $4.03. The stock’s 50-day moving average price is $3.06 and its 200-day moving average price is $3.11. The stock has a market capitalization of $131.85 million, a PE ratio of -2.96 and a beta of 1.07.

Clarus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 18th. Clarus’s dividend payout ratio (DPR) is presently -8.62%.

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.