Campbell & CO Investment Adviser LLC Acquires New Position in Clearfield, Inc. $CLFD

Campbell & CO Investment Adviser LLC purchased a new position in Clearfield, Inc. (NASDAQ:CLFD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,245 shares of the communications equipment provider’s stock, valued at approximately $1,009,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLFD. US Bancorp DE raised its position in Clearfield by 705.0% during the 1st quarter. US Bancorp DE now owns 966 shares of the communications equipment provider’s stock worth $29,000 after buying an additional 846 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Clearfield by 2,710.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,855 shares of the communications equipment provider’s stock worth $55,000 after acquiring an additional 1,789 shares in the last quarter. Strs Ohio purchased a new position in Clearfield during the first quarter worth approximately $131,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Clearfield by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock valued at $215,000 after buying an additional 312 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Clearfield in the second quarter valued at about $242,000. Institutional investors and hedge funds own 88.73% of the company’s stock.

Clearfield Stock Up 4.3%

Shares of Clearfield stock opened at $33.63 on Thursday. Clearfield, Inc. has a 52-week low of $23.78 and a 52-week high of $46.76. The company has a market capitalization of $464.30 million, a P/E ratio of 3,363.00 and a beta of 1.81. The company has a 50 day moving average of $34.53 and a 200 day moving average of $36.80.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clearfield in a research note on Wednesday, October 8th. Northland Securities cut shares of Clearfield from an “outperform” rating to a “market perform” rating and set a $45.00 price target for the company. in a research note on Thursday, August 7th. Northland Capmk cut Clearfield from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of Clearfield from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Roth Capital reiterated a “buy” rating on shares of Clearfield in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Clearfield presently has a consensus rating of “Hold” and a consensus price target of $47.50.

About Clearfield

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.