Renaissance Technologies LLC Acquires 35,000 Shares of Clearfield, Inc. $CLFD

Renaissance Technologies LLC boosted its holdings in Clearfield, Inc. (NASDAQ:CLFD) by 34.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,700 shares of the communications equipment provider’s stock after acquiring an additional 35,000 shares during the period. Renaissance Technologies LLC owned 1.01% of Clearfield worth $3,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Clearfield by 6.2% in the first quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock valued at $8,020,000 after purchasing an additional 15,659 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $215,000 after buying an additional 312 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Clearfield by 45.5% during the 1st quarter. Jane Street Group LLC now owns 20,136 shares of the communications equipment provider’s stock worth $598,000 after buying an additional 6,294 shares during the last quarter. Strs Ohio bought a new stake in shares of Clearfield during the 1st quarter worth about $131,000. Finally, Rhumbline Advisers boosted its holdings in shares of Clearfield by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 20,103 shares of the communications equipment provider’s stock worth $873,000 after buying an additional 1,216 shares during the period. Institutional investors and hedge funds own 88.73% of the company’s stock.

Insider Buying and Selling

In other news, Director Walter Louis Jones, Jr. sold 2,391 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.05, for a total transaction of $110,105.55. Following the completion of the sale, the director directly owned 8,682 shares in the company, valued at approximately $399,806.10. This represents a 21.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anis Khemakhem sold 1,684 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total value of $67,191.60. Following the sale, the insider directly owned 25,126 shares in the company, valued at approximately $1,002,527.40. This trade represents a 6.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.80% of the company’s stock.

Clearfield Stock Up 3.1%

Shares of Clearfield stock opened at $27.48 on Friday. The stock has a market capitalization of $373.43 million, a price-to-earnings ratio of -53.88 and a beta of 2.12. Clearfield, Inc. has a twelve month low of $23.76 and a twelve month high of $52.73. The company has a 50-day simple moving average of $35.76 and a two-hundred day simple moving average of $33.59.

Clearfield (NASDAQ:CLFD) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Clearfield had a negative net margin of 4.71% and a positive return on equity of 1.61%. The firm had revenue of $43.86 million for the quarter, compared to analyst estimates of $43.92 million. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. On average, sell-side analysts anticipate that Clearfield, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings cut shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Needham & Company LLC decreased their target price on Clearfield from $52.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday. Lake Street Capital set a $38.00 target price on Clearfield in a research note on Thursday. Finally, Roth Capital reissued a “buy” rating and set a $44.00 price target on shares of Clearfield in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.75.

Clearfield Company Profile

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.