UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,898 Shares of Clearfield, Inc. (NASDAQ:CLFD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Clearfield, Inc. (NASDAQ:CLFD) by 10.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,528 shares of the communications equipment provider’s stock after selling 2,898 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Clearfield were worth $995,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC raised its position in shares of Clearfield by 12.2% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 249,087 shares of the communications equipment provider’s stock valued at $9,704,000 after buying an additional 27,178 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Clearfield by 83.2% in the second quarter. Dimensional Fund Advisors LP now owns 228,173 shares of the communications equipment provider’s stock valued at $8,798,000 after acquiring an additional 103,648 shares during the last quarter. Divisadero Street Capital Management LP acquired a new position in Clearfield during the second quarter valued at approximately $7,801,000. Creative Planning lifted its stake in Clearfield by 0.5% during the third quarter. Creative Planning now owns 98,599 shares of the communications equipment provider’s stock worth $3,841,000 after purchasing an additional 511 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Clearfield by 12.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,205 shares of the communications equipment provider’s stock valued at $2,360,000 after purchasing an additional 6,539 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Clearfield Stock Performance

NASDAQ CLFD opened at $30.28 on Thursday. The firm’s fifty day moving average price is $33.43 and its two-hundred day moving average price is $36.88. The stock has a market cap of $432.67 million, a PE ratio of -35.62 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.69 and a current ratio of 9.43. Clearfield, Inc. has a fifty-two week low of $24.78 and a fifty-two week high of $44.83.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.13. Clearfield had a negative return on equity of 4.41% and a negative net margin of 7.47%. The company had revenue of $46.80 million for the quarter, compared to the consensus estimate of $41.95 million. During the same quarter last year, the business posted $0.17 EPS. Clearfield’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, equities analysts expect that Clearfield, Inc. will post -0.16 EPS for the current fiscal year.

Insider Activity

In other Clearfield news, Chairman Ronald G. Roth acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $31.00 per share, for a total transaction of $155,000.00. Following the acquisition, the chairman now directly owns 1,266,796 shares in the company, valued at $39,270,676. This represents a 0.40 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 16.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CLFD shares. StockNews.com cut Clearfield from a “hold” rating to a “sell” rating in a report on Saturday, December 14th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Clearfield in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.75.

About Clearfield

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.