Clarus Corporation (NASDAQ:CLAR) Receives Consensus Rating of “Hold” from Brokerages

Clarus Corporation (NASDAQ:CLAR) has received a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $3.6333.

Several brokerages have recently weighed in on CLAR. Wall Street Zen raised shares of Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Zacks Research downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a research note on Wednesday, June 3rd. Roth Capital set a $2.90 price target on shares of Clarus in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus set a $5.00 price target on shares of Clarus in a report on Thursday, April 16th.

Clarus Price Performance

Shares of Clarus stock opened at $3.26 on Monday. The business has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.11. Clarus has a 1 year low of $2.53 and a 1 year high of $4.03. The company has a market capitalization of $125.31 million, a price-to-earnings ratio of -2.81 and a beta of 1.07.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were given a $0.025 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.10 annualized dividend and a dividend yield of 3.1%. Clarus’s dividend payout ratio is presently -8.62%.

Institutional Trading of Clarus

Several hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Clarus by 7.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 165,335 shares of the company’s stock valued at $620,000 after purchasing an additional 10,873 shares during the period. Jane Street Group LLC bought a new position in Clarus during the 1st quarter worth $107,000. Marshall Wace LLP bought a new position in Clarus during the 2nd quarter worth $100,000. Gabelli Funds LLC lifted its holdings in shares of Clarus by 16.7% during the second quarter. Gabelli Funds LLC now owns 70,000 shares of the company’s stock worth $243,000 after buying an additional 10,000 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Clarus by 344.8% during the third quarter. JPMorgan Chase & Co. now owns 66,498 shares of the company’s stock worth $233,000 after buying an additional 51,548 shares in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

About Clarus

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.