Marshall Wace LLP Has $161,000 Position in Clarus Co. (NASDAQ:CLAR)

Marshall Wace LLP decreased its stake in Clarus Co. (NASDAQ:CLAR) by 46.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,969 shares of the company’s stock after selling 20,860 shares during the period. Marshall Wace LLP owned 0.06% of Clarus worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CLAR. Parthenon LLC increased its stake in shares of Clarus by 8.1% in the first 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. increased its stake in shares of Clarus by 30.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after buying an additional 3,658 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Clarus by 71.5% in the first 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. Empowered Funds LLC acquired a new stake in shares of Clarus in the first quarter valued at about $567,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Clarus by 16.1% in the first quarter. Russell Investments Group Ltd. now owns 638,552 shares of the company’s stock valued at $4,310,000 after buying an additional 88,694 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Warren B. Kanders purchased 200,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $4.19 per share, for a total transaction of $838,000.00. Following the completion of the acquisition, the chairman now owns 4,045,527 shares in the company, valued at approximately $16,950,758.13. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman Warren B. Kanders bought 200,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $4.19 per share, for a total transaction of $838,000.00. Following the completion of the acquisition, the chairman now directly owns 4,045,527 shares of the company’s stock, valued at $16,950,758.13. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Warren B. Kanders bought 30,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $4.05 per share, for a total transaction of $121,500.00. Following the acquisition, the chairman now directly owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 22.40% of the company’s stock.

Clarus Stock Performance

Shares of NASDAQ:CLAR opened at $4.39 on Friday. The business’s 50 day simple moving average is $4.42 and its two-hundred day simple moving average is $5.75. The firm has a market cap of $168.13 million, a P/E ratio of 16.88 and a beta of 0.83. Clarus Co. has a 52-week low of $3.89 and a 52-week high of $7.55.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $56.48 million during the quarter, compared to the consensus estimate 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. On average, equities analysts forecast that Clarus Co. will post 0.02 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.28%. Clarus’s payout ratio is currently 38.46%.

Wall Street Analyst Weigh In

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

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.