Clarus Corporation (NASDAQ:CLAR) Receives Consensus Recommendation of “Hold” from Brokerages

Clarus Corporation (NASDAQ:CLAR) has earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $4.75.

Several brokerages recently weighed in on CLAR. Weiss Ratings restated a “sell (d-)” rating on shares of Clarus in a research note on Wednesday. Lake Street Capital reaffirmed a “hold” rating and set a $3.50 price target on shares of Clarus in a research report on Friday, August 1st.

Clarus Trading Up 0.9%

Shares of NASDAQ:CLAR opened at $3.38 on Friday. Clarus has a 12-month low of $3.02 and a 12-month high of $5.29. The business’s fifty day simple moving average is $3.56 and its 200-day simple moving average is $3.51. The company has a market capitalization of $129.80 million, a PE ratio of -1.57 and a beta of 0.93.

Clarus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Monday, August 11th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.10 dividend on an annualized basis and a yield of 3.0%. Clarus’s payout ratio is currently -4.65%.

Insider Buying and Selling

In other news, Chairman Warren B. Kanders purchased 89,000 shares of the stock in a transaction on Wednesday, August 6th. The stock was bought at an average price of $3.23 per share, with a total value of $287,470.00. Following the transaction, the chairman owned 4,444,326 shares in the company, valued at $14,355,172.98. The trade was a 2.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 22.30% of the company’s stock.

Hedge Funds Weigh In On Clarus

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lepercq De Neuflize Asset Management LLC lifted its holdings in shares of Clarus by 45.0% in the 2nd quarter. Lepercq De Neuflize Asset Management LLC now owns 32,200 shares of the company’s stock valued at $112,000 after buying an additional 10,000 shares during the period. Jane Street Group LLC lifted its holdings in shares of Clarus by 35.4% in the 2nd quarter. Jane Street Group LLC now owns 38,569 shares of the company’s stock valued at $134,000 after buying an additional 10,094 shares during the period. Gabelli Funds LLC raised its holdings in Clarus by 16.7% in the 2nd quarter. Gabelli Funds LLC now owns 70,000 shares of the company’s stock worth $243,000 after purchasing an additional 10,000 shares during the period. Marshall Wace LLP acquired a new position in Clarus in the 2nd quarter worth about $100,000. Finally, Quadrature Capital Ltd acquired a new position in Clarus in the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.