Clarus Co. (NASDAQ:CLAR) Chairman Warren B. Kanders Acquires 30,000 Shares

Clarus Co. (NASDAQ:CLAR) Chairman Warren B. Kanders bought 30,000 shares of Clarus stock in a transaction on Monday, September 9th. The stock was purchased at an average price of $4.05 per share, for a total transaction of $121,500.00. Following the completion of the acquisition, the chairman now owns 4,075,527 shares in the company, valued at approximately $16,505,884.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Clarus Stock Performance

CLAR opened at $4.04 on Wednesday. The firm has a 50 day moving average price of $5.14 and a 200 day moving average price of $6.04. The company has a market cap of $154.97 million, a PE ratio of 15.54 and a beta of 0.84. Clarus Co. has a 1 year low of $3.89 and a 1 year high of $7.65.

Clarus (NASDAQ:CLAR) last posted its earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $56.48 million for the quarter, compared to analyst estimates of $59.28 million. Clarus had a negative return on equity of 0.75% and a net margin of 2.23%. During the same period last year, the company posted $0.07 EPS. On average, sell-side analysts predict that Clarus Co. will post 0.02 earnings per share for the current year.

Clarus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Friday, August 9th. Clarus’s dividend payout ratio (DPR) is 38.46%.

Institutional Trading of Clarus

Several large investors have recently bought and sold shares of the company. Legacy Capital Group California Inc. purchased a new position in shares of Clarus during the 2nd quarter valued at approximately $72,000. EntryPoint Capital LLC purchased a new position in shares of Clarus during the 1st quarter valued at approximately $83,000. BNP Paribas Financial Markets lifted its stake in Clarus by 71.5% during the first quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock worth $101,000 after purchasing an additional 6,213 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Clarus by 30.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock worth $105,000 after purchasing an additional 3,658 shares during the last quarter. Finally, Olympiad Research LP lifted its stake in Clarus by 54.4% during the fourth quarter. Olympiad Research LP now owns 19,580 shares of the company’s stock worth $135,000 after purchasing an additional 6,898 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analyst Ratings Changes

CLAR has been the topic of a number of recent research reports. Roth Mkm lowered shares of Clarus from a “buy” rating to a “neutral” rating and reduced their target price for the company from $7.50 to $6.00 in a report on Friday, August 2nd. Roth Capital lowered shares of Clarus from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. StockNews.com lowered shares of Clarus from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Finally, B. Riley reduced their target price on shares of Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.25.

Clarus Company 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.