Clarus Co. (NASDAQ:CLAR) Short Interest Down 5.8% in November

Clarus Co. (NASDAQ:CLAR) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,290,000 shares, a drop of 5.8% from the October 31st total of 1,370,000 shares. Based on an average trading volume of 338,300 shares, the days-to-cover ratio is presently 3.8 days. Currently, 4.4% of the shares of the company are sold short.

Insider Activity at Clarus

In other news, Chairman Warren B. Kanders purchased 30,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was purchased at an average cost of $4.05 per share, with a total value of $121,500.00. Following the purchase, the chairman now owns 4,075,527 shares in the company, valued at $16,505,884.35. This trade represents a 0.74 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Henning sold 44,600 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $4.46, for a total value of $198,916.00. Following the transaction, the director now directly owns 110,400 shares of the company’s stock, valued at approximately $492,384. The trade was a 28.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.40% of the stock is owned by insiders.

Institutional Trading of Clarus

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers boosted its position in shares of Clarus by 5.9% in the second quarter. Rhumbline Advisers now owns 45,658 shares of the company’s stock worth $307,000 after buying an additional 2,545 shares during the period. Legacy Capital Group California Inc. boosted its position in shares of Clarus by 32.7% in the third quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company’s stock worth $64,000 after buying an additional 3,521 shares during the period. State Street Corp boosted its position in shares of Clarus by 0.7% in the third quarter. State Street Corp now owns 566,027 shares of the company’s stock worth $2,547,000 after buying an additional 3,789 shares during the period. Empowered Funds LLC boosted its position in shares of Clarus by 5.3% in the third quarter. Empowered Funds LLC now owns 95,288 shares of the company’s stock worth $429,000 after buying an additional 4,824 shares during the period. Finally, Old West Investment Management LLC boosted its position in shares of Clarus by 8.2% in the second quarter. Old West Investment Management LLC now owns 115,652 shares of the company’s stock worth $778,000 after buying an additional 8,800 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Price Performance

Shares of CLAR traded up $0.05 during trading hours on Monday, hitting $4.59. 199,231 shares of the company were exchanged, compared to its average volume of 278,378. The company has a market capitalization of $176.07 million, a PE ratio of 35.31 and a beta of 0.83. The firm has a fifty day simple moving average of $4.41 and a 200-day simple moving average of $5.20. Clarus has a one year low of $3.89 and a one year high of $7.55.

Clarus (NASDAQ:CLAR) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $67.12 million for the quarter, compared to the consensus estimate of $72.98 million. Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. Sell-side analysts expect that Clarus will post -0.06 EPS for the current year.

Clarus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were given a $0.025 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.10 annualized dividend and a dividend yield of 2.18%. Clarus’s dividend payout ratio (DPR) is presently 76.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com lowered Clarus from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. B. Riley reduced their price objective on Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Clarus currently has an average rating of “Hold” and an average target price of $6.67.

About Clarus

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.