Public Employees Retirement System of Ohio Buys Shares of 23,737 Clarus Co. (NASDAQ:CLAR)

Public Employees Retirement System of Ohio purchased a new stake in Clarus Co. (NASDAQ:CLAR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,737 shares of the company’s stock, valued at approximately $107,000.

A number of other hedge funds have also modified their holdings of the business. Quantbot Technologies LP acquired a new position in Clarus in the third quarter valued at about $54,000. Legacy Capital Group California Inc. increased its position in shares of Clarus by 32.7% during the third quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company’s stock valued at $64,000 after acquiring an additional 3,521 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Clarus in the 3rd quarter valued at approximately $100,000. XTX Topco Ltd acquired a new position in shares of Clarus in the 3rd quarter worth approximately $104,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Clarus during the 3rd quarter worth approximately $153,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Clarus Stock Performance

Clarus stock opened at $4.56 on Monday. The company has a market capitalization of $174.93 million, a PE ratio of 35.08 and a beta of 0.85. Clarus Co. has a fifty-two week low of $3.89 and a fifty-two week high of $7.55. The firm has a 50 day moving average price of $4.50 and a 200 day moving average price of $5.00.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Clarus had a net margin of 1.80% and a negative return on equity of 2.17%. The firm had revenue of $67.12 million during the quarter, compared to analyst estimates of $72.98 million. As a group, equities research analysts forecast that Clarus Co. will post -0.06 earnings per share for the current year.

Clarus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.10 annualized dividend and a dividend yield of 2.19%. Clarus’s dividend payout ratio is presently 76.92%.

Insider Activity

In other news, Director Michael A. Henning sold 44,600 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total value of $198,916.00. Following the sale, the director now directly owns 110,400 shares in the company, valued at approximately $492,384. This trade represents a 28.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.40% 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.