Clarus Co. (NASDAQ:CLAR) Short Interest Down 5.8% in November

Clarus Co. (NASDAQ:CLAR) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,290,000 shares, a decline of 5.8% from the October 31st total of 1,370,000 shares. Based on an average trading volume of 338,300 shares, the days-to-cover ratio is presently 3.8 days. Currently, 4.4% of the shares of the stock are sold short.

Analyst Ratings Changes

Several brokerages have commented on CLAR. B. Riley dropped their price target on Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, August 5th. StockNews.com downgraded Clarus from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.67.

Clarus Price Performance

CLAR traded up $0.05 on Monday, reaching $4.59. The company’s stock had a trading volume of 199,231 shares, compared to its average volume of 278,378. The stock has a market cap of $176.07 million, a price-to-earnings ratio of 35.31 and a beta of 0.83. Clarus has a 1 year low of $3.89 and a 1 year high of $7.55. The business’s 50 day moving average is $4.41 and its 200 day moving average is $5.20.

Clarus (NASDAQ:CLAR) last released its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. The firm had revenue of $67.12 million for the quarter, compared to the consensus estimate of $72.98 million. As a group, research analysts forecast that Clarus will post -0.06 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Monday, November 18th. Clarus’s payout ratio is 76.93%.

Insider Transactions at Clarus

In other Clarus news, Chairman Warren B. Kanders bought 200,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $4.19 per share, for a total transaction of $838,000.00. Following the completion of the purchase, the chairman now owns 4,045,527 shares of the company’s stock, valued at $16,950,758.13. This trade represents a 5.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Henning sold 44,600 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $4.46, for a total value of $198,916.00. Following the completion of the transaction, the director now owns 110,400 shares of the company’s stock, valued at $492,384. The trade was a 28.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 20.40% of the company’s stock.

Institutional Trading of Clarus

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of Clarus by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 45,658 shares of the company’s stock worth $307,000 after purchasing an additional 2,545 shares during the period. Legacy Capital Group California Inc. increased its position in Clarus by 32.7% in the 3rd quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company’s stock valued at $64,000 after acquiring an additional 3,521 shares during the period. State Street Corp increased its position in Clarus by 0.7% in the 3rd quarter. State Street Corp now owns 566,027 shares of the company’s stock valued at $2,547,000 after acquiring an additional 3,789 shares during the period. Empowered Funds LLC increased its position in Clarus by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 95,288 shares of the company’s stock valued at $429,000 after acquiring an additional 4,824 shares during the period. Finally, Old West Investment Management LLC increased its position in Clarus by 8.2% in the 2nd quarter. Old West Investment Management LLC now owns 115,652 shares of the company’s stock valued at $778,000 after acquiring an additional 8,800 shares during the period. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.