Federated Hermes Inc. Sells 220,014 Shares of Clarus Co. (NASDAQ:CLAR)

Federated Hermes Inc. trimmed its holdings in shares of Clarus Co. (NASDAQ:CLAR) by 13.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,469,449 shares of the company’s stock after selling 220,014 shares during the period. Federated Hermes Inc. owned approximately 3.85% of Clarus worth $10,132,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. NBC Securities Inc. bought a new position in Clarus during the 3rd quarter valued at about $31,000. Aigen Investment Management LP bought a new position in Clarus during the 3rd quarter valued at about $92,000. SG Americas Securities LLC bought a new position in Clarus during the 3rd quarter valued at about $94,000. SRS Capital Advisors Inc. bought a new position in Clarus during the 3rd quarter valued at about $109,000. Finally, Brandywine Global Investment Management LLC bought a new position in Clarus during the 3rd quarter valued at about $130,000. 90.30% of the stock is owned by institutional investors.

Clarus Stock Performance

CLAR opened at $6.15 on Wednesday. Clarus Co. has a 1-year low of $4.77 and a 1-year high of $9.86. The firm has a 50-day moving average price of $6.29 and a two-hundred day moving average price of $6.03.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). Clarus had a positive return on equity of 3.31% and a negative net margin of 2.84%. The business had revenue of $76.50 million for the quarter, compared to analyst estimates of $84.45 million. As a group, equities research analysts predict that Clarus Co. will post 0.06 earnings per share for the current year.

Clarus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 18th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, March 15th. Clarus’s dividend payout ratio is -37.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and set a $7.00 price target (down from $13.00) on shares of Clarus in a report on Thursday, January 4th. StockNews.com upgraded shares of Clarus to a “sell” rating in a research report on Thursday, April 11th. Roth Mkm raised their price objective on shares of Clarus from $6.50 to $7.50 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, B. Riley lowered their price objective on shares of Clarus from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.75.

Clarus Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.