12,297 Shares in Clarus Co. (NASDAQ:CLAR) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new position in shares of Clarus Co. (NASDAQ:CLAR) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,297 shares of the company’s stock, valued at approximately $83,000.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in Clarus by 63.8% during the 4th quarter. Russell Investments Group Ltd. now owns 549,858 shares of the company’s stock worth $3,791,000 after purchasing an additional 214,183 shares during the last quarter. Greenhaven Road Investment Management L.P. raised its holdings in Clarus by 348.7% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 463,985 shares of the company’s stock valued at $3,199,000 after acquiring an additional 360,583 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Clarus by 35.0% in the 1st quarter. First Eagle Investment Management LLC now owns 528,730 shares of the company’s stock valued at $3,569,000 after acquiring an additional 137,000 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Clarus in the 4th quarter valued at $184,000. Finally, M&T Bank Corp raised its holdings in Clarus by 51.0% in the 4th quarter. M&T Bank Corp now owns 98,790 shares of the company’s stock valued at $682,000 after acquiring an additional 33,374 shares in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. B. Riley lifted their price objective on Clarus from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, May 6th. StockNews.com raised Clarus to a “sell” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.92.

Clarus Stock Up 0.8 %

Shares of CLAR traded up $0.05 during midday trading on Friday, hitting $6.10. The company’s stock had a trading volume of 173,108 shares, compared to its average volume of 242,104. Clarus Co. has a one year low of $4.77 and a one year high of $9.38. The company’s fifty day simple moving average is $6.49 and its two-hundred day simple moving average is $6.35. The stock has a market capitalization of $233.63 million, a price-to-earnings ratio of 23.46 and a beta of 0.89.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $69.31 million for the quarter, compared to analyst estimates of $64.20 million. Clarus had a return on equity of 1.01% and a net margin of 3.08%. On average, research analysts predict that Clarus Co. will post 0.14 earnings per share for the current year.

Clarus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.10 dividend on an annualized basis and a yield of 1.64%. Clarus’s dividend payout ratio is currently 38.46%.

Clarus Company 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.