Black Diamond, Inc. (NASDAQ:CLAR) had its target price upped by Stifel Nicolaus from $8.00 to $9.00 in a report issued on Tuesday morning, MarketBeat Ratings reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on CLAR. Roth Capital set a $7.00 price target on Black Diamond and gave the stock a hold rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Black Diamond from a strong sell rating to a hold rating in a research report on Tuesday, October 10th.

Black Diamond (CLAR) traded up $0.25 during mid-day trading on Tuesday, hitting $7.35. The stock had a trading volume of 54,348 shares, compared to its average volume of 57,968. Black Diamond has a 52-week low of $5.00 and a 52-week high of $7.95. The company has a current ratio of 4.53, a quick ratio of 4.20 and a debt-to-equity ratio of 0.18.

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In related news, Director Nicolas Sokolow bought 25,000 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average cost of $7.10 per share, for a total transaction of $177,500.00. Following the completion of the transaction, the director now owns 65,000 shares of the company’s stock, valued at $461,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 60,425 shares of company stock worth $404,656 over the last quarter. 46.80% of the stock is owned by company insiders.

A hedge fund recently bought a new stake in Black Diamond stock. Nationwide Fund Advisors bought a new stake in shares of Black Diamond, Inc. (NASDAQ:CLAR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 56,382 shares of the company’s stock, valued at approximately $423,000. Nationwide Fund Advisors owned approximately 0.19% of Black Diamond as of its most recent filing with the Securities and Exchange Commission (SEC). 47.65% of the stock is owned by institutional investors.

About Black Diamond

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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