Old West Investment Management LLC Has $497,000 Position in Clarus Co. (NASDAQ:CLAR)

Old West Investment Management LLC decreased its holdings in shares of Clarus Co. (NASDAQ:CLAR) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,237 shares of the company’s stock after selling 14,647 shares during the quarter. Old West Investment Management LLC owned approximately 0.29% of Clarus worth $497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLAR. Peapod Lane Capital LLC acquired a new stake in Clarus during the fourth quarter worth approximately $2,153,000. First Eagle Investment Management LLC lifted its holdings in Clarus by 34.3% during the 4th quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company’s stock worth $3,541,000 after purchasing an additional 200,500 shares during the last quarter. Cove Street Capital LLC boosted its stake in Clarus by 182.4% in the 4th quarter. Cove Street Capital LLC now owns 297,431 shares of the company’s stock valued at $1,341,000 after purchasing an additional 192,099 shares during the period. Bank of New York Mellon Corp grew its holdings in Clarus by 43.0% in the 4th quarter. Bank of New York Mellon Corp now owns 372,936 shares of the company’s stock valued at $1,682,000 after buying an additional 112,099 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Clarus during the third quarter worth $420,000. 90.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Lake Street Capital lowered their price target on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. B. Riley dropped their price target on shares of Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.33.

Clarus Stock Up 0.6 %

Shares of Clarus stock opened at $3.61 on Friday. The firm’s 50-day moving average price is $4.39 and its two-hundred day moving average price is $4.47. The company has a market capitalization of $138.49 million, a price-to-earnings ratio of 27.77 and a beta of 0.85. Clarus Co. has a 12-month low of $3.37 and a 12-month high of $7.55.

Clarus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were paid a $0.025 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.10 dividend on an annualized basis and a yield of 2.77%. Clarus’s dividend payout ratio (DPR) is -7.35%.

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.