Dimensional Fund Advisors LP Has $5.22 Million Position in Clearfield, Inc. (CLFD)
Dimensional Fund Advisors LP lifted its stake in shares of Clearfield, Inc. (NASDAQ:CLFD) by 22.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 395,595 shares of the communications equipment provider’s stock after purchasing an additional 71,307 shares during the quarter. Dimensional Fund Advisors LP owned 2.84% of Clearfield worth $5,222,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. American International Group Inc. raised its stake in shares of Clearfield by 7.0% during the 1st quarter. American International Group Inc. now owns 7,048 shares of the communications equipment provider’s stock valued at $116,000 after purchasing an additional 461 shares during the period. Bank of New York Mellon Corp increased its stake in Clearfield by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,902 shares of the communications equipment provider’s stock worth $672,000 after acquiring an additional 982 shares during the last quarter. WCM Investment Management CA bought a new position in Clearfield in the 2nd quarter worth about $703,000. Geode Capital Management LLC increased its stake in Clearfield by 8.4% in the 1st quarter. Geode Capital Management LLC now owns 91,098 shares of the communications equipment provider’s stock worth $1,498,000 after acquiring an additional 7,038 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Clearfield by 6.3% in the 2nd quarter. Northern Trust Corp now owns 152,805 shares of the communications equipment provider’s stock worth $2,017,000 after acquiring an additional 9,073 shares during the last quarter. Institutional investors own 28.73% of the company’s stock.
Clearfield, Inc. (NASDAQ:CLFD) opened at $14.00 on Wednesday. The firm has a market capitalization of $188.53, a PE ratio of 48.75 and a beta of 1.26. Clearfield, Inc. has a one year low of $11.00 and a one year high of $21.60.
Clearfield (NASDAQ:CLFD) last announced its earnings results on Thursday, November 9th. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $18.42 million for the quarter, compared to analyst estimates of $19.50 million. Clearfield had a return on equity of 5.95% and a net margin of 5.20%. equities analysts forecast that Clearfield, Inc. will post 0.29 EPS for the current year.
CLFD has been the topic of a number of research analyst reports. Northland Securities set a $15.00 target price on Clearfield and gave the stock a “buy” rating in a research note on Saturday, July 29th. Lake Street Capital upped their target price on Clearfield from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research lowered Clearfield from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
Clearfield, Inc manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette, which is the building block of its product platform; Connectivity and Optical Components; FieldSmart, which is a series of panels, cabinets, wall boxes and other enclosures that house the Clearview components; FieldShield, which is a fiber delivery method for broadband deployment; CraftSmart, which is a line of optical protection field enclosures, and Cable Assemblies.
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