Royce & Associates LP Reduces Stock Position in Clearfield, Inc. $CLFD

Royce & Associates LP lessened its stake in shares of Clearfield, Inc. (NASDAQ:CLFD) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,912 shares of the communications equipment provider’s stock after selling 39,887 shares during the quarter. Royce & Associates LP owned approximately 2.74% of Clearfield worth $11,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UBS Group AG increased its position in Clearfield by 13.0% during the 4th quarter. UBS Group AG now owns 105,849 shares of the communications equipment provider’s stock worth $3,085,000 after purchasing an additional 12,205 shares in the last quarter. Drum Hill Capital LLC increased its position in Clearfield by 1.4% during the 4th quarter. Drum Hill Capital LLC now owns 49,912 shares of the communications equipment provider’s stock worth $1,455,000 after purchasing an additional 713 shares in the last quarter. Tudor Investment Corp ET AL increased its position in Clearfield by 6.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 61,428 shares of the communications equipment provider’s stock worth $2,112,000 after purchasing an additional 3,489 shares in the last quarter. Penn Capital Management Company LLC increased its position in Clearfield by 67.6% during the 3rd quarter. Penn Capital Management Company LLC now owns 11,335 shares of the communications equipment provider’s stock worth $390,000 after purchasing an additional 4,570 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new stake in Clearfield in the 3rd quarter valued at about $244,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Clearfield Stock Performance

CLFD opened at $51.26 on Thursday. The company’s 50 day simple moving average is $33.01 and its 200 day simple moving average is $31.34. Clearfield, Inc. has a 1 year low of $23.76 and a 1 year high of $52.73. The stock has a market capitalization of $696.62 million, a PE ratio of -82.68 and a beta of 1.90.

Clearfield (NASDAQ:CLFD) last released its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). Clearfield had a negative net margin of 5.41% and a positive return on equity of 1.03%. The business had revenue of $34.39 million for the quarter, compared to analysts’ expectations of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. As a group, sell-side analysts expect that Clearfield, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Walter Louis Jones, Jr. sold 2,391 shares of the business’s stock in a transaction dated 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 owned 8,682 shares in the company, valued at approximately $399,806.10. The trade was a 21.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 17.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CLFD. Roth Mkm reiterated a “buy” rating and set a $44.00 price objective on shares of Clearfield in a report on Monday, May 4th. Weiss Ratings cut shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Finally, Zacks Research cut shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.75.

Clearfield 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.