Clarus Corporation (CLAR) To Go Ex-Dividend on August 17th

Clarus Corporation (NASDAQ:CLAR) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 17th will be given a dividend of 0.025 per share on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, August 17th.

Clarus has a payout ratio of -66.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Clarus to earn $0.11 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 90.9%.

Clarus Trading Up 0.3%

NASDAQ CLAR opened at $3.37 on Friday. Clarus has a 12 month low of $2.53 and a 12 month high of $4.03. The stock has a 50 day moving average of $3.17 and a 200-day moving average of $3.09. The company has a market cap of $129.54 million, a PE ratio of -2.91 and a beta of 1.05.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.25. The firm had revenue of $56.16 million for the quarter, compared to analyst estimates of $51.54 million. Clarus had a negative net margin of 17.70% and a negative return on equity of 0.11%.

Institutional Investors Weigh In On Clarus

Several hedge funds have recently modified their holdings of CLAR. Geode Capital Management LLC boosted its position in shares of Clarus by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 702,446 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,611 shares in the last quarter. Barclays PLC boosted its holdings in shares of Clarus by 11.1% during the 4th quarter. Barclays PLC now owns 46,299 shares of the company’s stock worth $155,000 after buying an additional 4,644 shares in the last quarter. Bank of America Corp DE grew its position in shares of Clarus by 21.1% during the 1st quarter. Bank of America Corp DE now owns 34,602 shares of the company’s stock worth $94,000 after buying an additional 6,032 shares during the period. Gabelli Funds LLC increased its stake in shares of Clarus by 16.7% in the 2nd quarter. Gabelli Funds LLC now owns 70,000 shares of the company’s stock valued at $243,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Clarus by 35.4% during the 2nd quarter. Jane Street Group LLC now owns 38,569 shares of the company’s stock valued at $134,000 after acquiring an additional 10,094 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Company Profile

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.