Foundry Partners LLC Sells 31,426 Shares of Clear Secure, Inc. (NYSE:YOU)

Foundry Partners LLC lessened its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,389 shares of the company’s stock after selling 31,426 shares during the period. Foundry Partners LLC owned approximately 0.13% of Clear Secure worth $4,859,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares during the last quarter. Huntington National Bank bought a new position in shares of Clear Secure in the fourth quarter worth approximately $35,000. SRS Capital Advisors Inc. grew its holdings in shares of Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after buying an additional 766 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock valued at $64,000 after acquiring an additional 450 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Clear Secure in the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Stifel Nicolaus reduced their price objective on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Stock Performance

Clear Secure stock opened at $24.92 on Friday. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The stock has a fifty day moving average of $24.54 and a 200 day moving average of $27.85. The stock has a market cap of $3.41 billion, a PE ratio of 28.97 and a beta of 1.37.

Clear Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

About Clear Secure

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.