25,930 Shares in Clarus Corporation $CLAR Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in shares of Clarus Corporation (NASDAQ:CLAR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,930 shares of the company’s stock, valued at approximately $90,000. Los Angeles Capital Management LLC owned 0.07% of Clarus as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CLAR. Greenhouse Funds LLLP boosted its position in shares of Clarus by 0.9% during the 1st quarter. Greenhouse Funds LLLP now owns 5,448,431 shares of the company’s stock valued at $20,432,000 after acquiring an additional 47,810 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Clarus by 5.3% in the first quarter. Russell Investments Group Ltd. now owns 1,414,784 shares of the company’s stock valued at $5,305,000 after purchasing an additional 71,203 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Clarus by 3.3% during the second quarter. First Eagle Investment Management LLC now owns 957,475 shares of the company’s stock valued at $3,322,000 after purchasing an additional 30,500 shares during the last quarter. American Century Companies Inc. grew its stake in Clarus by 4.8% in the 1st quarter. American Century Companies Inc. now owns 574,256 shares of the company’s stock worth $2,153,000 after buying an additional 26,084 shares in the last quarter. Finally, Peapod Lane Capital LLC increased its holdings in shares of Clarus by 1.3% in the 2nd quarter. Peapod Lane Capital LLC now owns 485,220 shares of the company’s stock worth $1,684,000 after buying an additional 6,215 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CLAR. Lake Street Capital reaffirmed a “hold” rating and set a $3.50 price objective on shares of Clarus in a report on Friday, August 1st. Wall Street Zen raised Clarus from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Clarus in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.75.

Clarus Stock Up 2.4%

Clarus stock opened at $3.35 on Wednesday. The firm has a fifty day simple moving average of $3.48 and a two-hundred day simple moving average of $3.48. Clarus Corporation has a twelve month low of $3.02 and a twelve month high of $5.29. The company has a market capitalization of $128.64 million, a PE ratio of -1.59 and a beta of 0.97.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $69.35 million for the quarter, compared to the consensus estimate of $66.43 million. Clarus had a negative net margin of 31.52% and a negative return on equity of 4.30%. As a group, equities analysts expect that Clarus Corporation will post -0.06 earnings per share for the current fiscal year.

Clarus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, November 17th. Clarus’s payout ratio is -4.74%.

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.