White Pine Capital LLC Buys Shares of 7,877 Clearfield, Inc. $CLFD

White Pine Capital LLC purchased a new stake in shares of Clearfield, Inc. (NASDAQ:CLFD) in the 2nd quarter, Holdings Channel reports. The fund purchased 7,877 shares of the communications equipment provider’s stock, valued at approximately $342,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE grew its holdings in Clearfield by 705.0% during the first quarter. US Bancorp DE now owns 966 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 846 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Clearfield by 2,710.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,855 shares of the communications equipment provider’s stock valued at $55,000 after purchasing an additional 1,789 shares in the last quarter. Strs Ohio bought a new position in shares of Clearfield in the first quarter worth approximately $131,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Clearfield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock worth $215,000 after purchasing an additional 312 shares in the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in shares of Clearfield in the second quarter worth $222,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CLFD shares. Wall Street Zen raised Clearfield from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Northland Securities downgraded shares of Clearfield from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a report on Thursday, August 7th. Roth Capital restated a “buy” rating on shares of Clearfield in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clearfield in a research note on Wednesday, October 8th. Finally, Northland Capmk cut shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.50.

Clearfield Stock Performance

NASDAQ CLFD opened at $29.26 on Friday. The company’s 50-day simple moving average is $34.06 and its two-hundred day simple moving average is $36.75. Clearfield, Inc. has a one year low of $23.78 and a one year high of $46.76. The company has a market capitalization of $403.96 million, a price-to-earnings ratio of 2,926.00 and a beta of 1.81.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.