Clarus Corporation $CLAR Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in Clarus Corporation (NASDAQ:CLAR) by 91.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 16,497 shares of the company’s stock after selling 175,949 shares during the quarter. Sei Investments Co.’s holdings in Clarus were worth $45,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in Clarus by 7.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 165,335 shares of the company’s stock valued at $620,000 after buying an additional 10,873 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Clarus in the 1st quarter valued at $107,000. Marshall Wace LLP purchased a new stake in shares of Clarus during the 2nd quarter valued at $100,000. Gabelli Funds LLC grew its stake in shares of Clarus by 16.7% during the 2nd quarter. Gabelli Funds LLC now owns 70,000 shares of the company’s stock valued at $243,000 after buying an additional 10,000 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Clarus by 344.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 66,498 shares of the company’s stock worth $233,000 after buying an additional 51,548 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clarus in a research report on Wednesday, June 3rd. Zacks Research lowered Clarus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. B. Riley Financial raised their price objective on Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Monday, August 10th. Wall Street Zen raised Clarus from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Roth Capital boosted their target price on Clarus from $2.90 to $3.75 and gave the stock a “neutral” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.06.

Clarus Trading Down 0.3%

NASDAQ:CLAR opened at $3.62 on Wednesday. The firm has a market capitalization of $139.15 million, a price-to-earnings ratio of -4.41 and a beta of 1.05. The firm’s fifty day simple moving average is $3.30 and its 200 day simple moving average is $3.09. Clarus Corporation has a twelve month low of $2.53 and a twelve month high of $4.03.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.25. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%.The firm had revenue of $56.16 million during the quarter, compared to the consensus estimate of $51.54 million.

Clarus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be given a $0.025 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.8%. Clarus’s dividend payout ratio is presently -12.20%.

Clarus Company Profile

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.