Clarus Co. (NASDAQ:CLAR) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its holdings in Clarus Co. (NASDAQ:CLAR) by 93.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,811 shares of the company’s stock after selling 155,160 shares during the quarter. AQR Capital Management LLC’s holdings in Clarus were worth $73,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLAR. Parthenon LLC boosted its stake in Clarus by 8.1% during the 1st quarter. Parthenon LLC now owns 200,164 shares of the company’s stock valued at $1,351,000 after purchasing an additional 15,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Clarus by 30.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock worth $105,000 after acquiring an additional 3,658 shares in the last quarter. 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 worth $101,000 after acquiring an additional 6,213 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Clarus during the 1st quarter worth $567,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Clarus by 16.1% during the 1st quarter. Russell Investments Group Ltd. now owns 638,552 shares of the company’s stock worth $4,310,000 after acquiring an additional 88,694 shares in the last quarter. 90.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Clarus

In other Clarus news, Chairman Warren B. Kanders acquired 200,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $4.19 per share, for a total transaction of $838,000.00. Following the completion of the purchase, the chairman now owns 4,045,527 shares of the company’s stock, valued at approximately $16,950,758.13. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Warren B. Kanders bought 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average cost of $4.05 per share, with a total value of $121,500.00. Following the completion of the transaction, the chairman now directly owns 4,075,527 shares in the company, valued at $16,505,884.35. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Warren B. Kanders bought 200,000 shares of the firm’s 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 completion of the transaction, the chairman now owns 4,045,527 shares of the company’s stock, valued at $16,950,758.13. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 20.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Roth Mkm lowered Clarus from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $7.50 to $6.00 in a research note on Friday, August 2nd. B. Riley decreased their target price on Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Roth Capital cut Clarus from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, StockNews.com cut Clarus from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Clarus currently has an average rating of “Hold” and an average target price of $6.67.

Clarus Trading Down 1.3 %

Shares of NASDAQ:CLAR opened at $4.39 on Friday. Clarus Co. has a 1 year low of $3.89 and a 1 year high of $7.55. The business has a fifty day simple moving average of $4.41 and a 200 day simple moving average of $5.67. The firm has a market cap of $168.40 million, a price-to-earnings ratio of 24.39 and a beta of 0.83.

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

Clarus Dividend Announcement

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 dividend of $0.025 per share. The ex-dividend date was Friday, August 9th. This represents a $0.10 annualized dividend and a yield of 2.28%. Clarus’s dividend payout ratio (DPR) is currently 55.56%.

About Clarus

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.