Dai ichi Life Insurance Company Ltd Makes New $3.10 Million Investment in Clear Secure, Inc. (NYSE:YOU)

Dai ichi Life Insurance Company Ltd bought a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 150,093 shares of the company’s stock, valued at approximately $3,099,000. Dai ichi Life Insurance Company Ltd owned 0.10% of Clear Secure at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. purchased a new position in Clear Secure during the fourth quarter worth about $1,079,000. Vanguard Group Inc. boosted its stake in shares of Clear Secure by 1.6% in the third quarter. Vanguard Group Inc. now owns 9,249,449 shares of the company’s stock valued at $176,110,000 after purchasing an additional 143,300 shares during the period. National Bank of Canada FI boosted its stake in shares of Clear Secure by 119,250.0% in the fourth quarter. National Bank of Canada FI now owns 95,480 shares of the company’s stock valued at $1,952,000 after purchasing an additional 95,400 shares during the period. Federated Hermes Inc. boosted its stake in shares of Clear Secure by 346.8% in the fourth quarter. Federated Hermes Inc. now owns 93,276 shares of the company’s stock valued at $1,926,000 after purchasing an additional 72,399 shares during the period. Finally, Aigen Investment Management LP purchased a new position in shares of Clear Secure in the third quarter valued at approximately $192,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a research note on Thursday, May 9th. Wedbush reissued a “neutral” rating and issued a $21.00 price objective on shares of Clear Secure in a research note on Wednesday, May 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.40.

Clear Secure Stock Performance

YOU stock traded up $0.08 during midday trading on Thursday, reaching $17.18. 111,081 shares of the company were exchanged, compared to its average volume of 1,578,880. Clear Secure, Inc. has a 1-year low of $15.28 and a 1-year high of $27.75. The stock’s 50-day simple moving average is $18.70 and its 200 day simple moving average is $19.74. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 30.54 and a beta of 1.59.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Clear Secure had a net margin of 7.90% and a return on equity of 20.62%. The company had revenue of $170.97 million for the quarter, compared to analysts’ expectations of $166.56 million. During the same quarter last year, the company earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. On average, research analysts anticipate that Clear Secure, Inc. will post 0.82 earnings per share for the current year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, June 10th. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. This is a boost from Clear Secure’s previous quarterly dividend of $0.09. Clear Secure’s dividend payout ratio (DPR) is presently 64.29%.

Clear Secure Company Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.