ClearOne (NASDAQ:CLRO) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of ClearOne (NASDAQ:CLRO) in a research note issued to investors on Friday morning. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Down 0.9 %

Shares of NASDAQ:CLRO opened at $0.96 on Friday. The company has a 50 day moving average of $1.31 and a 200 day moving average of $1.01. ClearOne has a 12 month low of $0.64 and a 12 month high of $2.65.

ClearOne Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, April 11th.

Hedge Funds Weigh In On ClearOne

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Albion Financial Group UT grew its stake in ClearOne by 5,150.0% in the 1st quarter. Albion Financial Group UT now owns 210,000 shares of the communications equipment provider’s stock worth $384,000 after buying an additional 206,000 shares in the last quarter. Marshall Wace LLP purchased a new position in ClearOne in the 2nd quarter worth approximately $54,000. State Street Corp purchased a new position in ClearOne in the 2nd quarter worth approximately $32,000. Renaissance Technologies LLC grew its stake in ClearOne by 86.0% in the 2nd quarter. Renaissance Technologies LLC now owns 838,072 shares of the communications equipment provider’s stock worth $694,000 after buying an additional 387,412 shares in the last quarter. Finally, BlackRock Inc. grew its stake in ClearOne by 365,044.4% in the 2nd quarter. BlackRock Inc. now owns 32,863 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 32,854 shares in the last quarter. Hedge funds and other institutional investors own 9.58% of the company’s stock.

About ClearOne

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.