Amalgamated Bank Sells 845 Shares of Clear Secure, Inc. (NYSE:YOU)

Amalgamated Bank reduced its position in shares of Clear Secure, Inc. (NYSE:YOU) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,837 shares of the company’s stock after selling 845 shares during the quarter. Amalgamated Bank’s holdings in Clear Secure were worth $244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new stake in Clear Secure during the third quarter worth $68,000. Aigen Investment Management LP bought a new position in shares of Clear Secure in the third quarter valued at about $192,000. Russell Investments Group Ltd. raised its position in shares of Clear Secure by 56.2% in the fourth quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company’s stock valued at $211,000 after purchasing an additional 3,683 shares during the period. Victory Capital Management Inc. bought a new position in shares of Clear Secure in the fourth quarter valued at about $255,000. Finally, Handelsbanken Fonder AB bought a new position in shares of Clear Secure in the fourth quarter valued at about $271,000. 73.80% of the stock is owned by institutional investors.

Clear Secure Stock Performance

NYSE:YOU opened at $17.11 on Thursday. Clear Secure, Inc. has a 52 week low of $15.28 and a 52 week high of $27.75. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 30.54 and a beta of 1.59. The firm’s 50-day simple moving average is $18.70 and its 200 day simple moving average is $19.74.

Clear Secure (NYSE:YOU) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Clear Secure had a net margin of 7.90% and a return on equity of 20.62%. The company had revenue of $170.97 million for the quarter, compared to the consensus estimate of $166.56 million. During the same period last year, the company posted ($0.12) EPS. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year. Sell-side analysts anticipate that Clear Secure, Inc. will post 0.82 EPS for the current year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.34%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, June 10th. Clear Secure’s payout ratio is presently 64.29%.

Wall Street Analyst Weigh In

YOU has been the topic of several research analyst reports. Wedbush reissued a “neutral” rating and issued a $21.00 price objective on shares of Clear Secure in a research report on Wednesday, May 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a research report on Thursday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.40.

Clear Secure Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.