Gamco Investors INC. ET AL Boosts Stock Position in Clarus Co. (NASDAQ:CLAR)

Gamco Investors INC. ET AL raised its position in shares of Clarus Co. (NASDAQ:CLAR) by 60.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 280,000 shares of the company’s stock after buying an additional 105,500 shares during the quarter. Gamco Investors INC. ET AL owned about 0.73% of Clarus worth $1,263,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. grew its stake in shares of Clarus by 2.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,343,581 shares of the company’s stock worth $6,060,000 after acquiring an additional 28,248 shares during the last quarter. First Eagle Investment Management LLC grew its position in Clarus by 34.3% during the 4th quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company’s stock worth $3,541,000 after purchasing an additional 200,500 shares during the last quarter. Geode Capital Management LLC grew its position in Clarus by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 714,376 shares of the company’s stock worth $3,222,000 after purchasing an additional 6,175 shares during the last quarter. State Street Corp raised its holdings in shares of Clarus by 0.7% in the third quarter. State Street Corp now owns 566,027 shares of the company’s stock worth $2,547,000 after buying an additional 3,789 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Clarus by 13.1% during the fourth quarter. American Century Companies Inc. now owns 548,172 shares of the company’s stock worth $2,472,000 after buying an additional 63,342 shares during the period. 90.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CLAR has been the topic of several research reports. Stifel Nicolaus cut their target price on Clarus from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. B. Riley cut their price objective on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Finally, Lake Street Capital decreased their target price on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.75.

Clarus Stock Performance

NASDAQ:CLAR opened at $3.26 on Friday. The firm’s fifty day moving average is $4.07 and its two-hundred day moving average is $4.38. The firm has a market cap of $125.06 million, a price-to-earnings ratio of 25.08 and a beta of 0.85. Clarus Co. has a one year low of $3.25 and a one year high of $7.55.

Clarus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 3.07%. The ex-dividend date was Monday, March 17th. Clarus’s dividend payout ratio (DPR) is -7.35%.

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.