GSA Capital Partners LLP Takes Position in Clarus Corporation $CLAR

GSA Capital Partners LLP purchased a new stake in Clarus Corporation (NASDAQ:CLAR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 206,953 shares of the company’s stock, valued at approximately $652,000.

Other large investors have also recently bought and sold shares of the company. Abel Hall LLC purchased a new position in Clarus during the 4th quarter worth $39,000. Verition Fund Management LLC purchased a new stake in shares of Clarus in the third quarter valued at about $50,000. Quadrature Capital Ltd acquired a new stake in shares of Clarus during the fourth quarter worth about $56,000. Virtu Financial LLC acquired a new stake in shares of Clarus during the fourth quarter worth about $62,000. Finally, Millennium Management LLC purchased a new position in shares of Clarus during the fourth quarter worth about $70,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Stock Down 3.2%

Shares of Clarus stock opened at $3.61 on Friday. Clarus Corporation has a 52-week low of $2.53 and a 52-week high of $4.03. The company’s 50-day simple moving average is $3.33 and its 200-day simple moving average is $3.09. The firm has a market cap of $138.77 million, a price-to-earnings ratio of -4.40 and a beta of 1.05.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.25. The firm had revenue of $56.16 million during the quarter, compared to analysts’ expectations of $51.54 million. Clarus had a negative net margin of 12.44% and a positive return on equity of 4.35%. Equities research analysts anticipate that Clarus Corporation will post 0.26 EPS for the current year.

Clarus Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CLAR shares. Wall Street Zen upgraded Clarus from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a research note on Wednesday, June 3rd. Roth Capital boosted their target price on Clarus from $2.90 to $3.75 and gave the company a “neutral” rating in a report on Monday, August 10th. B. Riley Financial upped their price target on Clarus from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Zacks Research downgraded Clarus from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.06.

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.