Balboa Wealth Partners Acquires New Stake in Clear Secure, Inc. (NYSE:YOU)

Balboa Wealth Partners bought a new position in shares of Clear Secure, Inc. (NYSE:YOU) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 26,321 shares of the company’s stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of YOU. GAMMA Investing LLC increased its stake in Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares during the period. SRS Capital Advisors Inc. grew its holdings in shares of Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after purchasing an additional 766 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Clear Secure in the fourth quarter valued at approximately $83,000. KBC Group NV purchased a new stake in Clear Secure during the 3rd quarter worth approximately $90,000. Finally, Blue Trust Inc. lifted its holdings in Clear Secure by 376.0% during the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock worth $91,000 after buying an additional 2,696 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Stifel Nicolaus dropped their price target 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Trading Down 0.3 %

Clear Secure stock opened at $25.08 on Thursday. The company has a fifty day simple moving average of $24.50 and a 200-day simple moving average of $28.25. The stock has a market cap of $3.50 billion, a P/E ratio of 29.16 and a beta of 1.37. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is 32.47%.

Clear Secure 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.