OMERS ADMINISTRATION Corp acquired a new stake in Clarus Corp (NASDAQ:CLAR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 69,400 shares of the company’s stock, valued at approximately $573,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Algert Global LLC bought a new position in Clarus in the 2nd quarter valued at $106,000. Deutsche Bank AG raised its position in Clarus by 7.4% in the 4th quarter. Deutsche Bank AG now owns 189,557 shares of the company’s stock valued at $1,487,000 after purchasing an additional 13,050 shares during the last quarter. Wells Fargo & Company MN raised its position in Clarus by 85.4% in the 4th quarter. Wells Fargo & Company MN now owns 32,995 shares of the company’s stock valued at $259,000 after purchasing an additional 15,199 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in Clarus by 53.3% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 47,499 shares of the company’s stock valued at $392,000 after purchasing an additional 16,524 shares during the last quarter. Finally, Millennium Management LLC raised its position in Clarus by 51.9% in the 4th quarter. Millennium Management LLC now owns 63,608 shares of the company’s stock valued at $499,000 after purchasing an additional 21,731 shares during the last quarter. Hedge funds and other institutional investors own 52.14% of the company’s stock.
Several equities analysts have issued reports on CLAR shares. DA Davidson reiterated a “buy” rating on shares of Clarus in a research report on Tuesday, May 8th. BidaskClub upgraded Clarus from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. ValuEngine upgraded Clarus from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Roth Capital set a $10.00 price objective on Clarus and gave the company a “hold” rating in a research report on Tuesday, August 7th. Finally, Lake Street Capital lifted their price objective on Clarus to $12.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $10.56.
Clarus (NASDAQ:CLAR) last released its earnings results on Monday, August 6th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.13. The company had revenue of $45.88 million during the quarter, compared to the consensus estimate of $40.80 million. Clarus had a return on equity of 7.41% and a net margin of 2.06%. equities research analysts predict that Clarus Corp will post 0.46 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Monday, August 20th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Friday, August 17th. Clarus’s payout ratio is currently 83.33%.
Clarus Corporation, a holding company, focuses on the outdoor and consumer industries. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, and sport categories. It operates in two segments, Black Diamond and Sierra. The Black Diamond segment offers high performance apparel, such as jackets, shells, pants, and bibs; rock-climbing equipment comprising carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns; and gloves and mittens.
Featured Story: Short Selling Stocks, A Beginner’s Guide
Want to see what other hedge funds are holding CLAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clarus Corp (NASDAQ:CLAR).
Receive News & Ratings for Clarus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarus and related companies with MarketBeat.com's FREE daily email newsletter.