Schwab Charles Investment Management Inc. Takes $232,000 Position in Clarus Corp (BDE)
Schwab Charles Investment Management Inc. bought a new stake in shares of Clarus Corp (NASDAQ:BDE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 34,800 shares of the company’s stock, valued at approximately $232,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC lifted its stake in Clarus Corp by 53.3% in the 2nd quarter. Essex Investment Management Co. LLC now owns 255,533 shares of the company’s stock worth $1,699,000 after purchasing an additional 88,821 shares in the last quarter. Marquette Asset Management Inc. lifted its stake in Clarus Corp by 9.5% in the 2nd quarter. Marquette Asset Management Inc. now owns 25,124 shares of the company’s stock worth $167,000 after purchasing an additional 2,176 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new stake in Clarus Corp in the 1st quarter worth $105,000. Institutional investors own 44.73% of the company’s stock.
Shares of Clarus Corp (NASDAQ BDE) opened at $6.65 on Friday. Clarus Corp has a 1 year low of $4.41 and a 1 year high of $7.15.
BDE has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Clarus Corp from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Tuesday, July 18th. Stifel Nicolaus upped their target price on shares of Clarus Corp from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Finally, Roth Capital set a $7.00 target price on shares of Clarus Corp and gave the company a “hold” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Clarus Corp presently has a consensus rating of “Hold” and a consensus price target of $7.75.
Clarus Corp Company Profile
Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.
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