Bridgeway Capital Management LLC Decreases Stake in Clarus Co. (NASDAQ:CLAR)

Bridgeway Capital Management LLC decreased its holdings in Clarus Co. (NASDAQ:CLAR) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 267,390 shares of the company’s stock after selling 49,198 shares during the quarter. Bridgeway Capital Management LLC owned about 0.70% of Clarus worth $1,206,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new position in shares of Clarus in the 4th quarter valued at about $64,000. Envestnet Asset Management Inc. increased its holdings in Clarus by 38.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company’s stock valued at $72,000 after buying an additional 4,371 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Clarus by 26.6% during the 4th quarter. Wells Fargo & Company MN now owns 18,119 shares of the company’s stock valued at $82,000 after acquiring an additional 3,810 shares during the period. Legacy Capital Group California Inc. boosted its stake in shares of Clarus by 40.3% during the 4th quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company’s stock worth $90,000 after acquiring an additional 5,749 shares in the last quarter. Finally, Lepercq Multi Asset Fund acquired a new stake in shares of Clarus in the 4th quarter worth approximately $95,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CLAR shares. B. Riley decreased their target price on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Lake Street Capital lowered their price objective on shares of Clarus from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus dropped their target price on shares of Clarus from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.50.

Clarus Price Performance

Clarus stock opened at $3.23 on Friday. The stock has a market capitalization of $124.04 million, a P/E ratio of 24.85 and a beta of 0.87. Clarus Co. has a 12-month low of $3.13 and a 12-month high of $7.24. The firm’s 50-day moving average is $3.65 and its two-hundred day moving average is $4.27.

Clarus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Monday, May 19th. Clarus’s dividend payout ratio is presently -7.35%.

Clarus 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.