Punch & Associates Investment Management Inc. Buys 15,500 Shares of Clearfield, Inc. $CLFD

Punch & Associates Investment Management Inc. grew its stake in Clearfield, Inc. (NASDAQ:CLFD) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,110 shares of the communications equipment provider’s stock after acquiring an additional 15,500 shares during the period. Punch & Associates Investment Management Inc.’s holdings in Clearfield were worth $8,107,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quarry LP bought a new position in shares of Clearfield in the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC grew its holdings in shares of Clearfield by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after acquiring an additional 1,012 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Clearfield in the 4th quarter valued at about $63,000. Strs Ohio bought a new position in shares of Clearfield in the 1st quarter valued at about $131,000. Finally, Captrust Financial Advisors bought a new position in shares of Clearfield in the 2nd quarter valued at about $220,000. Institutional investors own 88.73% of the company’s stock.

Insider Activity

In related news, Director Walter Louis Jones, Jr. sold 2,391 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.05, for a total value of $110,105.55. Following the completion of the sale, the director directly owned 8,682 shares in the company, valued at approximately $399,806.10. This trade represents a 21.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Anis Khemakhem sold 1,684 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $39.90, for a total transaction of $67,191.60. Following the completion of the sale, the insider owned 25,126 shares of the company’s stock, valued at $1,002,527.40. This trade represents a 6.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 17.80% of the company’s stock.

Wall Street Analyst Weigh In

CLFD has been the subject of several analyst reports. Weiss Ratings cut Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Roth Mkm restated a “buy” rating and issued a $44.00 price objective on shares of Clearfield in a report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Clearfield currently has an average rating of “Moderate Buy” and an average target price of $43.75.

Clearfield Stock Performance

Shares of NASDAQ:CLFD opened at $39.53 on Wednesday. Clearfield, Inc. has a 52-week low of $23.76 and a 52-week high of $52.73. The company has a market capitalization of $537.21 million, a P/E ratio of -63.76 and a beta of 2.08. The company has a 50-day simple moving average of $37.15 and a 200 day simple moving average of $32.55.

Clearfield (NASDAQ:CLFD) last issued its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). Clearfield had a negative net margin of 5.41% and a positive return on equity of 1.03%. The business had revenue of $34.39 million during the quarter, compared to the consensus estimate of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. As a group, equities analysts forecast that Clearfield, Inc. will post 0.52 earnings per share for the current year.

About Clearfield

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.