Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of CLEAR Secure, Inc. (NYSE:YOU – Free Report) by 47.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,088 shares of the company’s stock after purchasing an additional 11,588 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in CLEAR Secure were worth $1,002,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of YOU. Geneos Wealth Management Inc. grew its position in shares of CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $25,000 after buying an additional 748 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in CLEAR Secure in the first quarter worth approximately $28,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in CLEAR Secure during the 1st quarter worth approximately $41,000. First Horizon Advisors Inc. increased its position in shares of CLEAR Secure by 22.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,804 shares of the company’s stock valued at $50,000 after purchasing an additional 330 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of CLEAR Secure by 61.8% during the 2nd quarter. Fifth Third Bancorp now owns 1,806 shares of the company’s stock worth $50,000 after purchasing an additional 690 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.
CLEAR Secure Stock Down 0.7%
NYSE:YOU opened at $35.50 on Thursday. The company has a market capitalization of $4.73 billion, a PE ratio of 21.64 and a beta of 1.23. CLEAR Secure, Inc. has a 52-week low of $21.67 and a 52-week high of $39.00. The stock’s 50 day moving average price is $33.59 and its 200 day moving average price is $31.11.
CLEAR Secure Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. CLEAR Secure’s dividend payout ratio is currently 30.49%.
Insider Transactions at CLEAR Secure
In other CLEAR Secure news, Director Adam Wiener sold 8,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $33.02, for a total transaction of $264,160.00. Following the transaction, the director directly owned 193,634 shares of the company’s stock, valued at approximately $6,393,794.68. This trade represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 39.73% of the company’s stock.
Wall Street Analyst Weigh In
YOU has been the subject of a number of analyst reports. DA Davidson started coverage on shares of CLEAR Secure in a research note on Tuesday, September 16th. They set a “buy” rating and a $45.00 target price for the company. The Goldman Sachs Group upped their price objective on CLEAR Secure from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Stifel Nicolaus set a $38.00 price objective on CLEAR Secure in a report on Thursday, November 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of CLEAR Secure in a research report on Monday. Finally, Wall Street Zen cut CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.33.
Get Our Latest Stock Analysis on CLEAR Secure
CLEAR Secure Company 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.
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