Deprince Race & Zollo Inc. Has $6.61 Million Stake in Clarus Co. (NASDAQ:CLAR)

Deprince Race & Zollo Inc. raised its position in shares of Clarus Co. (NASDAQ:CLAR) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 982,427 shares of the company’s stock after purchasing an additional 25,495 shares during the quarter. Deprince Race & Zollo Inc. owned 2.56% of Clarus worth $6,612,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Olympiad Research LP raised its position in Clarus by 54.4% during the fourth quarter. Olympiad Research LP now owns 19,580 shares of the company’s stock valued at $135,000 after buying an additional 6,898 shares during the period. Greenhaven Road Investment Management L.P. grew its position in Clarus by 348.7% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 463,985 shares of the company’s stock valued at $3,199,000 after purchasing an additional 360,583 shares in the last quarter. Parthenon LLC increased its stake in Clarus by 8.1% in the 1st quarter. Parthenon LLC now owns 200,164 shares of the company’s stock valued at $1,351,000 after buying an additional 15,000 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Clarus by 30.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock worth $105,000 after buying an additional 3,658 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Clarus by 71.5% during the 1st quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock valued at $101,000 after buying an additional 6,213 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Insiders Place Their Bets

In other Clarus news, Chairman Warren B. Kanders purchased 200,000 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $4.19 per share, with a total value of $838,000.00. Following the completion of the transaction, the chairman now owns 4,045,527 shares in the company, valued at approximately $16,950,758.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Warren B. Kanders bought 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average price of $4.05 per share, with a total value of $121,500.00. Following the completion of the transaction, the chairman now owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Warren B. Kanders purchased 200,000 shares of Clarus stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $4.19 per share, with a total value of $838,000.00. Following the completion of the acquisition, the chairman now owns 4,045,527 shares in the company, valued at $16,950,758.13. The disclosure for this purchase can be found here. Company insiders own 22.40% of the company’s stock.

Clarus Stock Performance

CLAR opened at $4.49 on Friday. The company has a market cap of $171.96 million, a PE ratio of 17.27 and a beta of 0.83. The stock has a 50-day moving average of $4.78 and a 200-day moving average of $5.94. Clarus Co. has a 52-week low of $3.89 and a 52-week high of $7.59.

Clarus (NASDAQ:CLAR) last announced its earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter. Clarus had a negative return on equity of 0.75% and a net margin of 2.23%. The company had revenue of $56.48 million for the quarter, compared to the consensus estimate of $59.28 million. During the same period in the previous year, the company earned $0.07 EPS. On average, research analysts predict that Clarus Co. will post 0.02 earnings per share for the current year.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, August 9th. Clarus’s dividend payout ratio is 38.46%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CLAR shares. Roth Capital downgraded shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 2nd. Roth Mkm lowered Clarus from a “buy” rating to a “neutral” rating and reduced their price target for the company from $7.50 to $6.00 in a report on Friday, August 2nd. B. Riley reduced their target price on shares of Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, StockNews.com lowered shares of Clarus from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.67.

Clarus Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.