Clear Secure, Inc. (NYSE:YOU) Shares Sold by Mariner LLC

Mariner LLC cut its holdings in Clear Secure, Inc. (NYSE:YOU) by 8.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 60,565 shares of the company’s stock after selling 5,254 shares during the quarter. Mariner LLC’s holdings in Clear Secure were worth $1,613,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in 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 acquiring an additional 771 shares in the last quarter. Huntington National Bank purchased a new stake in shares of Clear Secure during the fourth quarter worth about $35,000. SRS Capital Advisors Inc. raised its position in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after purchasing an additional 766 shares during the last quarter. Harbour Investments Inc. lifted its stake in Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock valued at $64,000 after buying an additional 450 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Clear Secure in the 4th quarter worth about $83,000. 73.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Clear Secure Stock Performance

Shares of Clear Secure stock opened at $25.74 on Friday. The business’s 50 day moving average price is $25.33 and its 200 day moving average price is $27.19. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 29.93 and a beta of 1.25. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a dividend of $0.125 per share. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.94%. Clear Secure’s payout ratio is 32.47%.

Clear Secure Profile

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.