Clarus Corporation (NASDAQ:CLAR) Given Average Recommendation of “Hold” by Brokerages

Shares of Clarus Corporation (NASDAQ:CLAR) have received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $3.6333.

Several brokerages have issued reports on CLAR. Wall Street Zen raised shares of Clarus from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Zacks Research downgraded Clarus from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Stifel Nicolaus set a $5.00 price target on Clarus in a research report on Thursday, April 16th. Roth Mkm set a $2.90 price objective on Clarus in a research note on Wednesday, May 13th. Finally, Lake Street Capital decreased their price objective on Clarus from $3.50 to $3.00 and set a “hold” rating for the company in a research report on Friday, March 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Potomac Capital Management Inc. acquired a new stake in shares of Clarus during the 4th quarter valued at $3,244,000. Parthenon LLC increased its stake in shares of Clarus by 39.6% in the fourth quarter. Parthenon LLC now owns 1,005,364 shares of the company’s stock worth $3,368,000 after acquiring an additional 285,124 shares during the last quarter. LPL Financial LLC acquired a new position in shares of Clarus in the fourth quarter worth $480,000. ARS Investment Partners LLC purchased a new stake in shares of Clarus during the first quarter worth $219,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Clarus during the third quarter worth $221,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Clarus Price Performance

CLAR stock opened at $3.13 on Thursday. The company’s 50 day simple moving average is $2.90 and its 200-day simple moving average is $3.13. Clarus has a 52-week low of $2.53 and a 52-week high of $4.03. The firm has a market capitalization of $120.32 million, a P/E ratio of -2.70 and a beta of 1.09.

Clarus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, May 18th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, May 18th. Clarus’s dividend payout ratio is -8.62%.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.