Clarus Corp (NASDAQ:CLAR) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 711,000 shares, a decline of 15.5% from the July 31st total of 841,000 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average trading volume of 189,900 shares, the short-interest ratio is currently 3.7 days.

Several hedge funds have recently bought and sold shares of CLAR. Cortina Asset Management LLC acquired a new stake in shares of Clarus during the 2nd quarter valued at approximately $5,351,000. Nuveen Asset Management LLC bought a new position in Clarus during the 2nd quarter worth $3,779,000. RK Capital Management LLC bought a new position in Clarus during the 2nd quarter worth $3,399,000. BlackRock Inc. grew its stake in Clarus by 21.1% during the 2nd quarter. BlackRock Inc. now owns 1,337,492 shares of the company’s stock worth $19,313,000 after buying an additional 233,342 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Clarus during the 2nd quarter worth $1,772,000. 64.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of CLAR stock traded up $0.18 on Friday, hitting $12.22. 3,645 shares of the stock traded hands, compared to its average volume of 172,642. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.96 and a quick ratio of 1.39. The company has a market capitalization of $361.97 million, a PE ratio of 21.46 and a beta of 1.39. Clarus has a 1-year low of $8.56 and a 1-year high of $15.10. The company’s fifty day moving average is $11.84 and its 200 day moving average is $12.87.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $46.99 million for the quarter, compared to analyst estimates of $44.73 million. Clarus had a net margin of 4.87% and a return on equity of 11.22%. As a group, equities research analysts expect that Clarus will post 0.69 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, August 2nd. Clarus’s dividend payout ratio is currently 17.54%.

Several equities analysts recently commented on CLAR shares. Zacks Investment Research lowered Clarus from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Macquarie assumed coverage on Clarus in a research report on Friday, July 12th. They issued an “outperform” rating and a $20.00 target price on the stock. BidaskClub raised Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, June 15th. Roth Capital reaffirmed a “neutral” rating and issued a $14.00 target price on shares of Clarus in a research report on Tuesday, August 6th. They noted that the move was a valuation call. Finally, DA Davidson reissued a “neutral” rating on shares of Clarus in a research report on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.25.

About Clarus

Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.

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