Peapod Lane Capital LLC Buys 6,215 Shares of Clarus Corporation $CLAR

Peapod Lane Capital LLC lifted its position in shares of Clarus Corporation (NASDAQ:CLAR) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 485,220 shares of the company’s stock after purchasing an additional 6,215 shares during the period. Clarus accounts for approximately 1.7% of Peapod Lane Capital LLC’s portfolio, making the stock its 26th largest position. Peapod Lane Capital LLC owned 1.26% of Clarus worth $1,684,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Abel Hall LLC purchased a new stake in shares of Clarus during the second quarter worth about $37,000. Legacy Capital Group California Inc. lifted its holdings in Clarus by 31.3% in the first quarter. Legacy Capital Group California Inc. now owns 26,294 shares of the company’s stock worth $99,000 after buying an additional 6,264 shares during the period. Jane Street Group LLC purchased a new stake in Clarus in the first quarter worth about $107,000. Gabelli Funds LLC lifted its holdings in Clarus by 9.1% in the first quarter. Gabelli Funds LLC now owns 60,000 shares of the company’s stock worth $225,000 after buying an additional 5,000 shares during the period. Finally, Nuveen LLC purchased a new stake in Clarus in the first quarter worth about $332,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CLAR. Lake Street Capital restated a “hold” rating and issued a $3.50 price objective on shares of Clarus in a report on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Clarus in a research report on Friday. Two research 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.75.

Insider Buying and Selling at Clarus

In other Clarus news, Chairman Warren B. Kanders bought 89,000 shares of Clarus stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average cost of $3.23 per share, for a total transaction of $287,470.00. Following the acquisition, the chairman directly owned 4,444,326 shares in the company, valued at approximately $14,355,172.98. This represents a 2.04% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 22.30% of the stock is currently owned by company insiders.

Clarus Price Performance

Shares of Clarus stock opened at $3.50 on Friday. Clarus Corporation has a 1-year low of $3.02 and a 1-year high of $5.29. The company’s fifty day simple moving average is $3.56 and its 200-day simple moving average is $3.48. The stock has a market capitalization of $134.41 million, a PE ratio of -1.63 and a beta of 0.93.

Clarus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Monday, August 11th were issued a $0.025 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.9%. Clarus’s payout ratio is -4.65%.

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.