Builder Investment Group Inc. ADV Increases Stock Position in Clarus Co. (NASDAQ:CLAR)

Builder Investment Group Inc. ADV raised its holdings in Clarus Co. (NASDAQ:CLAR) by 97.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,280 shares of the company’s stock after purchasing an additional 125,573 shares during the quarter. Builder Investment Group Inc. ADV’s holdings in Clarus were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Capital Group California Inc. purchased a new stake in Clarus in the 2nd quarter valued at approximately $72,000. EntryPoint Capital LLC purchased a new stake in Clarus in the 1st quarter valued at approximately $83,000. BNP Paribas Financial Markets boosted its holdings in Clarus by 71.5% in the 1st quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock valued at $101,000 after purchasing an additional 6,213 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Clarus by 30.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after purchasing an additional 3,658 shares in the last quarter. Finally, Gabelli Funds LLC purchased a new stake in Clarus in the 1st quarter valued at approximately $162,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Price Performance

Shares of Clarus stock opened at $4.29 on Tuesday. Clarus Co. has a 1 year low of $3.89 and a 1 year high of $7.55. The company has a market capitalization of $164.56 million, a P/E ratio of 23.83 and a beta of 0.83. The business has a 50 day moving average price of $4.41 and a 200 day moving average price of $5.64.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter. Clarus had a negative return on equity of 0.75% and a net margin of 2.23%. The company had revenue of $56.48 million for the quarter, compared to analyst estimates of $59.28 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. As a group, research analysts expect that Clarus Co. will post 0.02 EPS for the current fiscal year.

Clarus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.10 annualized dividend and a dividend yield of 2.33%. Clarus’s dividend payout ratio is currently 55.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CLAR shares. B. Riley decreased their price target on Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Roth Capital lowered Clarus from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd. Roth Mkm lowered Clarus from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $7.50 to $6.00 in a research note on Friday, August 2nd. Finally, StockNews.com lowered Clarus from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Clarus has a consensus rating of “Hold” and a consensus target price of $6.67.

Insider Buying and Selling

In related news, Chairman Warren B. Kanders acquired 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average cost of $4.05 per share, for a total transaction of $121,500.00. Following the transaction, the chairman now directly owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Clarus news, Chairman Warren B. Kanders purchased 30,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was bought at an average cost of $4.05 per share, for a total transaction of $121,500.00. Following the acquisition, the chairman now owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Warren B. Kanders purchased 200,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $4.19 per share, with a total value of $838,000.00. Following the completion of the acquisition, the chairman now directly owns 4,045,527 shares in the company, valued at $16,950,758.13. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 20.40% of the company’s stock.

Clarus 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.