Quadrature Capital Ltd Makes New $896,000 Investment in Clear Secure, Inc. (NYSE:YOU)

Quadrature Capital Ltd acquired a new stake in Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, Holdings Channel reports. The firm acquired 43,407 shares of the company’s stock, valued at approximately $896,000.

A number of other institutional investors and hedge funds have also made changes to their positions in YOU. Arizona State Retirement System lifted its stake in Clear Secure by 2.8% in the fourth quarter. Arizona State Retirement System now owns 21,143 shares of the company’s stock worth $437,000 after acquiring an additional 583 shares during the last quarter. Cornercap Investment Counsel Inc. lifted its position in shares of Clear Secure by 2.8% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 25,855 shares of the company’s stock worth $534,000 after purchasing an additional 700 shares during the last quarter. Versor Investments LP grew its stake in shares of Clear Secure by 2.3% during the fourth quarter. Versor Investments LP now owns 44,795 shares of the company’s stock worth $925,000 after purchasing an additional 1,017 shares in the last quarter. Quarry LP increased its holdings in Clear Secure by 86.4% in the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after buying an additional 1,163 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Clear Secure by 1.0% in the third quarter. Swiss National Bank now owns 158,700 shares of the company’s stock valued at $3,022,000 after buying an additional 1,600 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Stock Performance

Clear Secure stock opened at $18.79 on Friday. The company has a market capitalization of $2.72 billion, a P/E ratio of 33.70 and a beta of 1.55. Clear Secure, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $27.75. The stock has a 50-day simple moving average of $17.72 and a 200-day simple moving average of $19.42.

Clear Secure (NYSE:YOU) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.13. The company had revenue of $179.05 million during the quarter, compared to analysts’ expectations of $173.28 million. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. As a group, analysts forecast that Clear Secure, Inc. will post 0.82 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.40 dividend on an annualized basis and a yield of 2.13%. This is a boost from Clear Secure’s previous quarterly dividend of $0.09. Clear Secure’s dividend payout ratio is currently 71.43%.

Analyst Upgrades and Downgrades

YOU has been the subject of several analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research report on Thursday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Clear Secure in a report on Wednesday, May 15th. Finally, Wedbush reissued a “neutral” rating and set a $21.00 price objective on shares of Clear Secure in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.40.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.