Short Interest in Clarus Co. (NASDAQ:CLAR) Expands By 11.2%

Clarus Co. (NASDAQ:CLAR) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,590,000 shares, an increase of 11.2% from the December 15th total of 1,430,000 shares. Based on an average daily trading volume, of 219,600 shares, the short-interest ratio is presently 7.2 days. Currently, 5.5% of the company’s stock are short sold.

Clarus Price Performance

Shares of NASDAQ CLAR traded up $0.04 during trading hours on Friday, hitting $4.61. 97,564 shares of the stock were exchanged, compared to its average volume of 183,162. Clarus has a one year low of $3.89 and a one year high of $7.55. The company’s 50 day moving average is $4.56 and its 200 day moving average is $4.72. The firm has a market capitalization of $176.84 million, a P/E ratio of 35.46 and a beta of 0.84.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $67.12 million for the quarter, compared to the consensus estimate of $72.98 million. Clarus had a net margin of 1.80% and a negative return on equity of 2.17%. Research analysts anticipate that Clarus will post -0.06 earnings per share for the current fiscal year.

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 2.17%. The ex-dividend date was Monday, November 18th. Clarus’s dividend payout ratio is currently 76.93%.

Insiders Place Their Bets

In other Clarus news, Director Michael A. Henning sold 44,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total transaction of $198,916.00. Following the completion of the sale, the director now owns 110,400 shares of the company’s stock, valued at $492,384. This represents a 28.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Clarus

Several hedge funds have recently modified their holdings of the business. Builder Investment Group Inc. ADV raised its position in shares of Clarus by 97.6% during the third quarter. Builder Investment Group Inc. ADV now owns 254,280 shares of the company’s stock valued at $1,144,000 after buying an additional 125,573 shares during the last quarter. XTX Topco Ltd acquired a new position in Clarus in the 3rd quarter valued at approximately $104,000. Dimensional Fund Advisors LP lifted its position in shares of Clarus by 22.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company’s stock worth $5,325,000 after acquiring an additional 146,766 shares during the period. Geode Capital Management LLC grew its holdings in shares of Clarus by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 708,201 shares of the company’s stock worth $3,187,000 after purchasing an additional 14,489 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Clarus by 263.4% during the third quarter. Barclays PLC now owns 40,478 shares of the company’s stock valued at $183,000 after purchasing an additional 29,340 shares during the period. 90.30% of the stock is owned by institutional investors.

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.