Clarus (NASDAQ:CLAR) Shares Down 1.1% – What’s Next?

Clarus Corporation (NASDAQ:CLAR)’s share price fell 1.1% during trading on Monday . The company traded as low as $2.64 and last traded at $2.64. 208,369 shares were traded during mid-day trading, a decline of 23% from the average session volume of 271,060 shares. The stock had previously closed at $2.67.

Analyst Upgrades and Downgrades

Several brokerages have commented on CLAR. Stifel Nicolaus decreased their target price on shares of Clarus from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Lake Street Capital cut their price target on shares of Clarus from $3.50 to $3.00 and set a “hold” rating for the company in a report on Friday, March 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Clarus in a research note on Monday, December 29th. Roth Mkm decreased their price objective on shares of Clarus from $3.50 to $3.25 and set a “neutral” rating on the stock in a report on Friday, March 6th. Finally, Wall Street Zen lowered shares of Clarus from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.08.

Clarus Trading Down 1.1%

The stock has a market cap of $103.30 million, a price-to-earnings ratio of -2.22 and a beta of 1.11. The firm’s 50 day moving average is $3.19 and its two-hundred day moving average is $3.37.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $65.41 million for the quarter, compared to analysts’ expectations of $68.67 million. Clarus had a negative net margin of 18.59% and a negative return on equity of 0.82%. As a group, equities analysts expect that Clarus Corporation will post -0.06 EPS for the current fiscal year.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Monday, March 16th were given a dividend of $0.025 per share. The ex-dividend date was Monday, March 16th. This represents a $0.10 dividend on an annualized basis and a yield of 3.7%. Clarus’s dividend payout ratio (DPR) is -8.26%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CLAR. Abel Hall LLC purchased a new position in shares of Clarus during the 4th quarter worth $39,000. Quadrature Capital Ltd purchased a new stake in shares of Clarus in the second quarter valued at $39,000. Verition Fund Management LLC acquired a new position in Clarus in the third quarter valued at $50,000. Virtu Financial LLC acquired a new position in Clarus in the fourth quarter valued at $62,000. Finally, Millennium Management LLC purchased a new position in Clarus during the fourth quarter worth about $70,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

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.