Clearfield, Inc. (NASDAQ:CLFD) COO John P. Hill Sells 16,539 Shares

Clearfield, Inc. (NASDAQ:CLFD) COO John P. Hill sold 16,539 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $33.26, for a total transaction of $550,087.14. Following the transaction, the chief operating officer now owns 189,886 shares in the company, valued at $6,315,608.36. This represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Clearfield Trading Down 1.2 %

CLFD opened at $32.59 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.43 and a quick ratio of 6.69. Clearfield, Inc. has a fifty-two week low of $27.06 and a fifty-two week high of $44.83. The firm has a market capitalization of $460.56 million, a PE ratio of -51.73 and a beta of 1.28. The company’s 50-day moving average is $34.37 and its 200 day moving average is $35.68.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.29%. As a group, research analysts predict that Clearfield, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Clearfield

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in Clearfield by 8.3% in the 3rd quarter. SG Americas Securities LLC now owns 3,641 shares of the communications equipment provider’s stock worth $142,000 after purchasing an additional 279 shares in the last quarter. Invesco Ltd. grew its position in shares of Clearfield by 2.5% during the 4th quarter. Invesco Ltd. now owns 15,146 shares of the communications equipment provider’s stock valued at $470,000 after acquiring an additional 366 shares during the period. Creative Planning grew its position in shares of Clearfield by 0.5% during the 3rd quarter. Creative Planning now owns 98,599 shares of the communications equipment provider’s stock valued at $3,841,000 after acquiring an additional 511 shares during the period. Bard Associates Inc. grew its position in shares of Clearfield by 6.5% during the 3rd quarter. Bard Associates Inc. now owns 12,220 shares of the communications equipment provider’s stock valued at $476,000 after acquiring an additional 741 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Clearfield by 2.7% during the 3rd quarter. Janus Henderson Group PLC now owns 30,062 shares of the communications equipment provider’s stock valued at $1,171,000 after acquiring an additional 794 shares during the period. 88.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CLFD. StockNews.com upgraded shares of Clearfield from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Needham & Company LLC restated a “buy” rating and issued a $50.00 target price on shares of Clearfield in a report on Friday, February 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.