Clarus Corporation (NASDAQ:CLAR) Chairman Warren B. Kanders Buys 10,394 Shares of Stock

Clarus Corporation (NASDAQ:CLAR) Chairman Warren B. Kanders acquired 10,394 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The shares were purchased at an average cost of $3.48 per share, with a total value of $36,171.12. Following the completion of the acquisition, the chairman now owns 4,155,326 shares in the company, valued at $14,460,534.48. This trade represents a 0.25% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Clarus Stock Performance

NASDAQ:CLAR opened at $3.54 on Wednesday. The firm’s 50-day moving average is $3.34 and its 200-day moving average is $4.03. The company has a market cap of $135.94 million, a price-to-earnings ratio of -1.71 and a beta of 0.85. Clarus Corporation has a 52-week low of $3.02 and a 52-week high of $6.83.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Monday, May 19th. Clarus’s dividend payout ratio (DPR) is presently -4.83%.

Hedge Funds Weigh In On Clarus

Large investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of Clarus during the 4th quarter worth approximately $64,000. Envestnet Asset Management Inc. lifted its position in Clarus by 38.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,864 shares of the company’s stock worth $72,000 after purchasing an additional 4,371 shares during the period. Wells Fargo & Company MN boosted its stake in Clarus by 26.6% during the fourth quarter. Wells Fargo & Company MN now owns 18,119 shares of the company’s stock worth $82,000 after buying an additional 3,810 shares in the last quarter. Lepercq Multi Asset Fund acquired a new stake in Clarus during the fourth quarter worth $95,000. Finally, Legacy Capital Group California Inc. increased its holdings in Clarus by 31.3% in the 1st quarter. Legacy Capital Group California Inc. now owns 26,294 shares of the company’s stock valued at $99,000 after buying an additional 6,264 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CLAR. Roth Capital set a $3.50 target price on shares of Clarus and gave the stock a “neutral” rating in a research report on Wednesday, May 14th. B. Riley cut their price objective on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Stifel Nicolaus decreased their target price on Clarus from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Lake Street Capital dropped their price target on Clarus from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.10.

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.