Clarus Corporation (NASDAQ:CLAR) Given Average Rating of “Hold” by Brokerages

Shares of Clarus Corporation (NASDAQ:CLAR) have received an average recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.6333.

A number of equities analysts recently issued reports on the company. Zacks Research downgraded Clarus from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Wall Street Zen raised Clarus from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Lake Street Capital decreased their price objective on shares of Clarus from $3.50 to $3.00 and set a “hold” rating for the company in a research note on Friday, March 6th. Roth Mkm set a $2.90 price objective on shares of Clarus in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus set a $5.00 price objective on shares of Clarus in a research note on Thursday, April 16th.

Clarus Stock Performance

CLAR stock opened at $3.07 on Friday. The company’s 50 day moving average price is $2.79 and its 200 day moving average price is $3.19. The firm has a market capitalization of $118.01 million, a price-to-earnings ratio of -2.65 and a beta of 1.02. Clarus has a fifty-two week low of $2.53 and a fifty-two week high of $4.03.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $65.41 million during the quarter, compared to the consensus estimate of $68.67 million. Clarus had a negative return on equity of 0.11% and a negative net margin of 17.70%.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, May 18th. Clarus’s dividend payout ratio is currently -8.62%.

Hedge Funds Weigh In On Clarus

Large investors have recently bought and sold shares of the stock. Potomac Capital Management Inc. purchased a new position in shares of Clarus during the fourth quarter worth approximately $3,244,000. Parthenon LLC grew its position in shares of Clarus by 39.6% during the fourth quarter. Parthenon LLC now owns 1,005,364 shares of the company’s stock worth $3,368,000 after acquiring an additional 285,124 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Clarus during the fourth quarter worth approximately $480,000. ARS Investment Partners LLC purchased a new position in shares of Clarus during the first quarter worth approximately $219,000. Finally, Two Sigma Investments LP purchased a new position in shares of Clarus during the third quarter worth approximately $221,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.