Semanteon Capital Management LP Purchases New Holdings in Clearfield, Inc. $CLFD

Semanteon Capital Management LP bought a new stake in Clearfield, Inc. (NASDAQ:CLFD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,123 shares of the communications equipment provider’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLFD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Clearfield by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 312 shares during the last quarter. US Bancorp DE increased its holdings in Clearfield by 705.0% in the first quarter. US Bancorp DE now owns 966 shares of the communications equipment provider’s stock valued at $29,000 after buying an additional 846 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Clearfield by 2,710.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,855 shares of the communications equipment provider’s stock valued at $55,000 after buying an additional 1,789 shares in the last quarter. American Century Companies Inc. grew its position in shares of Clearfield by 7.9% in the 1st quarter. American Century Companies Inc. now owns 25,370 shares of the communications equipment provider’s stock worth $754,000 after acquiring an additional 1,856 shares in the last quarter. Finally, Ancora Advisors LLC increased its holdings in shares of Clearfield by 32.8% in the 1st quarter. Ancora Advisors LLC now owns 13,880 shares of the communications equipment provider’s stock valued at $413,000 after acquiring an additional 3,430 shares during the last quarter. Institutional investors own 88.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CLFD. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a research note on Wednesday, October 8th. Northland Capmk lowered shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Wall Street Zen raised Clearfield from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Northland Securities cut Clearfield from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a research report on Thursday, August 7th. Finally, Roth Capital reiterated a “buy” rating on shares of Clearfield in a research report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.50.

Clearfield Price Performance

CLFD stock opened at $30.72 on Monday. Clearfield, Inc. has a 12 month low of $23.78 and a 12 month high of $46.76. The firm has a 50 day simple moving average of $34.45 and a 200 day simple moving average of $36.88. The firm has a market cap of $424.12 million, a PE ratio of 3,072.00 and a beta of 1.81.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.