LSV Asset Management lowered its stake in shares of ClearOne, Inc. (NASDAQ:CLRO) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,967 shares of the communications equipment provider’s stock after selling 250 shares during the period. LSV Asset Management owned about 1.35% of ClearOne worth $1,167,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP acquired a new position in ClearOne during the fourth quarter valued at $123,000. Renaissance Technologies LLC raised its position in ClearOne by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 167,800 shares of the communications equipment provider’s stock valued at $1,913,000 after buying an additional 11,300 shares during the last quarter. Finally, FMR LLC raised its position in ClearOne by 5.6% in the fourth quarter. FMR LLC now owns 266,000 shares of the communications equipment provider’s stock valued at $3,032,000 after buying an additional 14,000 shares during the last quarter. Institutional investors and hedge funds own 19.62% of the company’s stock.
Shares of ClearOne, Inc. (NASDAQ CLRO) traded down 0.53% during trading on Friday, reaching $9.40. 4,387 shares of the company’s stock were exchanged. The firm has a market capitalization of $81.82 million, a P/E ratio of 138.24 and a beta of 1.23. ClearOne, Inc. has a 52-week low of $9.10 and a 52-week high of $12.60. The company has a 50 day moving average of $9.98 and a 200 day moving average of $10.83.
ClearOne (NASDAQ:CLRO) last posted its quarterly earnings data on Tuesday, May 9th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.12. The firm had revenue of $11.68 million for the quarter, compared to the consensus estimate of $12.97 million. ClearOne had a return on equity of 3.68% and a net margin of 1.29%. Equities analysts anticipate that ClearOne, Inc. will post $0.40 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, May 15th. This is an increase from ClearOne’s previous quarterly dividend of $0.05. This represents a $0.28 dividend on an annualized basis and a yield of 2.98%. ClearOne’s dividend payout ratio is 466.74%.
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Several research firms recently weighed in on CLRO. Zacks Investment Research lowered shares of ClearOne from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. B. Riley reiterated a “buy” rating and issued a $12.50 price objective on shares of ClearOne in a report on Tuesday, May 16th. Finally, TheStreet lowered shares of ClearOne from a “b” rating to a “c+” rating in a report on Wednesday, March 15th.
ClearOne Company Profile
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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