Insider Selling: Clarus Co. (NASDAQ:CLAR) Director Sells 44,600 Shares of Stock

Clarus Co. (NASDAQ:CLAR) Director Michael A. Henning sold 44,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total value of $198,916.00. Following the sale, the director now directly owns 110,400 shares of the company’s stock, valued at $492,384. This represents a 28.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Clarus Trading Up 4.2 %

Shares of Clarus stock opened at $4.48 on Friday. The stock’s fifty day moving average price is $4.41 and its 200-day moving average price is $5.40. The firm has a market cap of $171.85 million, a P/E ratio of 34.46 and a beta of 0.83. Clarus Co. has a 12 month low of $3.89 and a 12 month high of $7.55.

Clarus (NASDAQ:CLAR) last issued its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. The business had revenue of $67.12 million for the quarter, compared to the consensus estimate of $72.98 million. Analysts forecast that Clarus Co. will post 0.02 earnings per share for the current year.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Monday, November 18th. Clarus’s dividend payout ratio (DPR) is 76.93%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Roth Mkm lowered Clarus from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $7.50 to $6.00 in a research note on Friday, August 2nd. Roth Capital downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd. B. Riley decreased their price objective on shares of Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, StockNews.com lowered shares of Clarus from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.67.

Institutional Trading of Clarus

A number of hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Clarus by 30.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock worth $105,000 after acquiring an additional 3,658 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Clarus by 71.5% during the first quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock valued at $101,000 after buying an additional 6,213 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Clarus in the 1st quarter valued at about $567,000. Russell Investments Group Ltd. grew its position in shares of Clarus by 16.1% in the 1st quarter. Russell Investments Group Ltd. now owns 638,552 shares of the company’s stock worth $4,310,000 after buying an additional 88,694 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of Clarus by 35.0% during the 1st quarter. First Eagle Investment Management LLC now owns 528,730 shares of the company’s stock worth $3,569,000 after acquiring an additional 137,000 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

About Clarus

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.