Clarus Corporation (NASDAQ:CLAR) Declares Quarterly Dividend of $0.03

Clarus Corporation (NASDAQ:CLAR) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.0250 per share on Wednesday, November 25th. This represents a $0.10 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 16th.

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 $0.14 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 71.4%.

Clarus Stock Performance

Shares of CLAR stock opened at $4.38 on Thursday. Clarus has a fifty-two week low of $2.53 and a fifty-two week high of $4.70. The stock has a 50 day simple moving average of $3.70 and a two-hundred day simple moving average of $3.28. The company has a market cap of $168.33 million, a P/E ratio of -5.34 and a beta of 1.03.

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 analysts’ consensus estimates of ($0.07) by $0.25. The firm had revenue of $56.16 million for the quarter, compared to analysts’ expectations of $51.54 million. Clarus had a positive return on equity of 4.35% and a negative net margin of 12.44%. On average, research analysts predict that Clarus will post 0.25 earnings per share for the current year.

Hedge Funds Weigh In On Clarus

A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Clarus in the 2nd quarter worth $1,454,000. Bank of New York Mellon Corp bought a new stake in Clarus during the 2nd quarter valued at $557,000. GSA Capital Partners LLP bought a new stake in Clarus during the 2nd quarter valued at $652,000. Squarepoint Ops LLC increased its stake in Clarus by 88.8% during the 2nd quarter. Squarepoint Ops LLC now owns 127,426 shares of the company’s stock valued at $401,000 after purchasing an additional 59,922 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Clarus during the second quarter worth $33,000. 90.30% of the stock is currently owned by institutional investors.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is an outdoor equipment and lifestyle products company headquartered in Salt Lake City, Utah. The company develops, manufactures and markets products for climbing, mountaineering, skiing, camping, overlanding and other outdoor activities.

Clarus’s portfolio includes Black Diamond Equipment, which offers climbing and mountaineering gear, skis, ski equipment, apparel and accessories. The company also owns Rhino-Rack, a provider of vehicle-based storage and transportation systems, and MAXTRAX, which makes vehicle recovery boards and related off-road products.