Elo Mutual Pension Insurance Co Takes Position in Clear Secure, Inc. (NYSE:YOU)

Elo Mutual Pension Insurance Co acquired a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,204 shares of the company’s stock, valued at approximately $458,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 771 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after purchasing an additional 766 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after purchasing an additional 450 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Clear Secure during the 4th quarter valued at approximately $83,000. Finally, Blue Trust Inc. grew its holdings in Clear Secure by 376.0% in the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock valued at $91,000 after buying an additional 2,696 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Clear Secure Price Performance

YOU opened at $26.53 on Monday. The company has a market capitalization of $3.63 billion, a P/E ratio of 30.85 and a beta of 1.37. The firm’s fifty day moving average price is $24.45 and its two-hundred day moving average price is $27.98. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

Clear Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. Clear Secure’s payout ratio is currently 32.47%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Monday, March 24th. Stifel Nicolaus cut their target price on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Company Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.