ClearOne (NASDAQ:CLRO) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO) in a research note released on Friday morning. The brokerage issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Down 0.9 %

Shares of NASDAQ:CLRO opened at $0.96 on Friday. ClearOne has a 1-year low of $0.64 and a 1-year high of $2.65. The firm’s 50 day simple moving average is $1.31 and its two-hundred day simple moving average is $1.01.

ClearOne Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 11th.

Hedge Funds Weigh In On ClearOne

Several large investors have recently added to or reduced their stakes in CLRO. BlackRock Inc. raised its position in shares of ClearOne by 365,044.4% during the second quarter. BlackRock Inc. now owns 32,863 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 32,854 shares during the last quarter. State Street Corp bought a new stake in shares of ClearOne during the second quarter valued at approximately $32,000. Marshall Wace LLP bought a new stake in shares of ClearOne during the second quarter valued at approximately $54,000. Albion Financial Group UT raised its position in shares of ClearOne by 5,150.0% during the first quarter. Albion Financial Group UT now owns 210,000 shares of the communications equipment provider’s stock valued at $384,000 after buying an additional 206,000 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of ClearOne by 28.6% during the first quarter. Renaissance Technologies LLC now owns 450,660 shares of the communications equipment provider’s stock valued at $680,000 after buying an additional 100,100 shares during the last quarter. Hedge funds and other institutional investors own 9.58% of the company’s stock.

About ClearOne

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.