Fairpointe Capital LLC boosted its stake in shares of Clarus Corp (NASDAQ:CLAR) by 82.2% in the second quarter, HoldingsChannel.com reports. The fund owned 110,844 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Fairpointe Capital LLC’s holdings in Clarus were worth $914,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Millennium Management LLC raised its position in Clarus by 91.2% during the second quarter. Millennium Management LLC now owns 191,408 shares of the company’s stock worth $1,579,000 after acquiring an additional 91,295 shares during the period. Bank of America Corp DE raised its position in Clarus by 62.5% during the second quarter. Bank of America Corp DE now owns 37,448 shares of the company’s stock worth $309,000 after acquiring an additional 14,401 shares during the period. Manatuck Hill Partners LLC acquired a new position in Clarus during the second quarter worth $990,000. Renaissance Technologies LLC raised its position in Clarus by 9.1% during the second quarter. Renaissance Technologies LLC now owns 956,542 shares of the company’s stock worth $7,891,000 after acquiring an additional 79,742 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Clarus by 9.6% during the second quarter. Dimensional Fund Advisors LP now owns 552,180 shares of the company’s stock worth $4,555,000 after acquiring an additional 48,378 shares during the period. Institutional investors own 52.14% of the company’s stock.

A number of research firms have weighed in on CLAR. BidaskClub upgraded shares of Clarus from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. ValuEngine upgraded shares of 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 shares of Clarus and gave the stock a “hold” rating in a research report on Tuesday, August 7th. Lake Street Capital upped their price objective on shares of Clarus to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, Stifel Nicolaus upped their price objective on shares of Clarus from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $10.56.

Shares of NASDAQ CLAR opened at $11.10 on Tuesday. The stock has a market capitalization of $334.96 million, a PE ratio of 27.19, a price-to-earnings-growth ratio of 2.42 and a beta of 1.51. The company has a quick ratio of 1.72, a current ratio of 4.37 and a debt-to-equity ratio of 0.10. Clarus Corp has a 52 week low of $6.35 and a 52 week high of $11.30.

Clarus (NASDAQ:CLAR) last issued its earnings results on Monday, August 6th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.13. The business had revenue of $45.88 million during the quarter, compared to analysts’ expectations of $40.80 million. Clarus had a net margin of 2.06% and a return on equity of 7.41%. equities research analysts predict that Clarus Corp will post 0.46 EPS for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 20th were given a $0.025 dividend. The ex-dividend date of this dividend was Friday, August 17th. Clarus’s dividend payout ratio (DPR) is 83.33%.

Clarus Company Profile

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.

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Institutional Ownership by Quarter for Clarus (NASDAQ:CLAR)

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