Boston Partners Trims Stake in Clarus Co. (NASDAQ:CLAR)

Boston Partners cut its position in shares of Clarus Co. (NASDAQ:CLAR) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 230,355 shares of the company’s stock after selling 32,225 shares during the period. Boston Partners owned about 0.60% of Clarus worth $1,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Clarus in the third quarter valued at about $54,000. Intech Investment Management LLC purchased a new position in Clarus during the 4th quarter valued at about $64,000. Legacy Capital Group California Inc. raised its holdings in shares of Clarus by 40.3% in the 4th quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company’s stock valued at $90,000 after purchasing an additional 5,749 shares in the last quarter. Lepercq Multi Asset Fund bought a new position in shares of Clarus during the fourth quarter valued at approximately $95,000. Finally, Quadrature Capital Ltd purchased a new position in Clarus during the third quarter valued at approximately $100,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Clarus Trading Down 1.5 %

NASDAQ CLAR opened at $3.89 on Friday. Clarus Co. has a 12-month low of $3.86 and a 12-month high of $7.55. The firm’s fifty day simple moving average is $4.56 and its two-hundred day simple moving average is $4.51. The firm has a market capitalization of $149.23 million, a P/E ratio of 29.93 and a beta of 0.82.

Clarus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Monday, March 17th. Clarus’s dividend payout ratio is currently -7.35%.

Analysts Set New Price Targets

CLAR has been the topic of several recent research reports. B. Riley dropped their target price on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Lake Street Capital cut their target price on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clarus has a consensus rating of “Hold” and a consensus target price of $5.33.

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.