Clarus Co. (NASDAQ:CLAR) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its holdings in shares of Clarus Co. (NASDAQ:CLAR) by 34.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 785,200 shares of the company’s stock after buying an additional 200,500 shares during the period. First Eagle Investment Management LLC owned approximately 2.05% of Clarus worth $3,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Clarus during the third quarter worth approximately $54,000. Legacy Capital Group California Inc. boosted its position in shares of Clarus by 40.3% during the fourth quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company’s stock worth $90,000 after buying an additional 5,749 shares during the period. Lepercq Multi Asset Fund acquired a new stake in Clarus in the fourth quarter worth approximately $95,000. PNC Financial Services Group Inc. lifted its position in Clarus by 25.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,123 shares of the company’s stock worth $100,000 after purchasing an additional 4,453 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Clarus in the third quarter worth approximately $100,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CLAR shares. Lake Street Capital cut their target price on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a research report on Friday, March 7th. B. Riley cut their target price on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.33.

Clarus Stock Performance

NASDAQ CLAR opened at $4.04 on Friday. The stock has a market capitalization of $154.98 million, a P/E ratio of 31.08 and a beta of 0.82. Clarus Co. has a 1 year low of $3.86 and a 1 year high of $7.55. The business’s fifty day moving average is $4.61 and its two-hundred day moving average is $4.52.

Clarus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.48%. Clarus’s dividend payout ratio is currently -7.35%.

Clarus 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.