Clearfield, Inc. (CLFD) Given a $15.00 Price Target at Northland Securities

Northland Securities set a $15.00 price target on Clearfield, Inc. (NASDAQ:CLFD) in a research report sent to investors on Tuesday, October 17th. The firm currently has a buy rating on the communications equipment provider’s stock.

Separately, Zacks Investment Research upgraded Clearfield from a sell rating to a hold rating in a research report on Wednesday, September 27th.

Shares of Clearfield (CLFD) traded up $0.10 on Tuesday, reaching $14.05. 4,410 shares of the company’s stock were exchanged, compared to its average volume of 32,499. The firm has a market capitalization of $194.39, a PE ratio of 35.77 and a beta of 1.26. Clearfield has a one year low of $11.00 and a one year high of $21.60.

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A number of institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in Clearfield by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 9,905 shares of the communications equipment provider’s stock worth $131,000 after buying an additional 424 shares in the last quarter. American International Group Inc. grew its position in Clearfield by 7.0% during the first quarter. American International Group Inc. now owns 7,048 shares of the communications equipment provider’s stock worth $116,000 after buying an additional 461 shares in the last quarter. Bank of New York Mellon Corp grew its position in Clearfield by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 50,902 shares of the communications equipment provider’s stock worth $672,000 after buying an additional 982 shares in the last quarter. Royal Bank of Canada grew its position in Clearfield by 12.5% during the second quarter. Royal Bank of Canada now owns 26,485 shares of the communications equipment provider’s stock worth $350,000 after buying an additional 2,941 shares in the last quarter. Finally, OxFORD Asset Management LLP grew its position in Clearfield by 21.8% during the second quarter. OxFORD Asset Management LLP now owns 17,789 shares of the communications equipment provider’s stock worth $235,000 after buying an additional 3,187 shares in the last quarter. Institutional investors and hedge funds own 26.98% of the company’s stock.

Clearfield Company Profile

Clearfield, Inc manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette, which is the building block of its product platform; Connectivity and Optical Components; FieldSmart, which is a series of panels, cabinets, wall boxes and other enclosures that house the Clearview components; FieldShield, which is a fiber delivery method for broadband deployment; CraftSmart, which is a line of optical protection field enclosures, and Cable Assemblies.

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