Wallace Capital Management Inc. Reduces Stake in Clarus Co. (NASDAQ:CLAR)

Wallace Capital Management Inc. lessened its holdings in shares of Clarus Co. (NASDAQ:CLAR) by 17.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,456 shares of the company’s stock after selling 5,097 shares during the period. Wallace Capital Management Inc. owned 0.06% of Clarus worth $165,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CLAR. Greenhaven Road Investment Management L.P. raised its stake in Clarus by 348.7% during the 4th quarter. Greenhaven Road Investment Management L.P. now owns 463,985 shares of the company’s stock worth $3,199,000 after acquiring an additional 360,583 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Clarus by 22.8% during the second quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company’s stock worth $5,325,000 after purchasing an additional 146,766 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Clarus by 35.0% during the first quarter. First Eagle Investment Management LLC now owns 528,730 shares of the company’s stock worth $3,569,000 after purchasing an additional 137,000 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Clarus by 67.5% in the 2nd quarter. American Century Companies Inc. now owns 252,573 shares of the company’s stock valued at $1,700,000 after purchasing an additional 101,822 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Clarus by 16.1% in the 1st quarter. Russell Investments Group Ltd. now owns 638,552 shares of the company’s stock valued at $4,310,000 after purchasing an additional 88,694 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Trading Up 2.9 %

NASDAQ:CLAR opened at $4.62 on Monday. The stock’s 50 day simple moving average is $4.72 and its 200-day simple moving average is $5.91. Clarus Co. has a 12-month low of $3.89 and a 12-month high of $7.59. The firm has a market cap of $177.22 million, a P/E ratio of 17.77 and a beta of 0.83.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.06) EPS for the quarter. The firm had revenue of $56.48 million for the quarter, compared to analysts’ expectations of $59.28 million. Clarus had a negative return on equity of 0.75% and a net margin of 2.23%. During the same quarter in the previous year, the company posted $0.07 EPS. Research analysts forecast that Clarus Co. will post 0.02 EPS for the current fiscal year.

Clarus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were issued a $0.025 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.10 dividend on an annualized basis and a yield of 2.16%. Clarus’s dividend payout ratio (DPR) is presently 38.46%.

Analyst Upgrades and Downgrades

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

Insider Activity

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

Clarus Company 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.