Segall Bryant & Hamill LLC grew its position in Clarus Corp (NASDAQ:CLAR) by 55.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,688 shares of the company’s stock after buying an additional 21,033 shares during the quarter. Segall Bryant & Hamill LLC owned 0.20% of Clarus worth $594,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CLAR. Acadian Asset Management LLC purchased a new position in shares of Clarus in the fourth quarter valued at $58,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of Clarus in the fourth quarter valued at $77,000. Meeder Asset Management Inc. increased its position in shares of Clarus by 3,753.7% in the fourth quarter. Meeder Asset Management Inc. now owns 7,900 shares of the company’s stock valued at $81,000 after buying an additional 7,695 shares in the last quarter. Price Wealth Management Inc. purchased a new position in shares of Clarus in the fourth quarter valued at $86,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Clarus in the fourth quarter valued at $105,000. Institutional investors and hedge funds own 54.21% of the company’s stock.

A number of research analysts have recently weighed in on the company. BidaskClub cut Clarus from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Lake Street Capital raised their price target on Clarus to $15.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded Clarus from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Friday, January 18th. Finally, ValuEngine upgraded Clarus from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Clarus currently has a consensus rating of “Buy” and a consensus price target of $12.75.

In related news, insider Warren B. Kanders sold 1,400,000 shares of Clarus stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $10.83, for a total transaction of $15,162,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 29.60% of the company’s stock.

Clarus stock opened at $12.81 on Friday. The stock has a market cap of $382.38 million, a P/E ratio of 22.88, a P/E/G ratio of 1.82 and a beta of 1.33. Clarus Corp has a 52 week low of $6.50 and a 52 week high of $13.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.99 and a quick ratio of 2.00.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Monday, March 4th. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $57.31 million during the quarter, compared to analysts’ expectations of $57.00 million. Clarus had a return on equity of 10.30% and a net margin of 3.44%. As a group, sell-side analysts forecast that Clarus Corp will post 0.7 earnings per share for the current year.

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About Clarus

Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.

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Institutional Ownership by Quarter for Clarus (NASDAQ:CLAR)

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