Insider Buying: ClearOne Inc. (CLRO) Director Acquires $10,626.00 in Stock
ClearOne Inc. (NASDAQ:CLRO) Director Larry Hendricks bought 1,012 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $10,626.00. Following the acquisition, the director now directly owns 22,148 shares of the company’s stock, valued at $232,554. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
ClearOne Inc. (NASDAQ:CLRO) traded up 0.0000% during trading on Thursday, reaching $10.9932. 3 shares of the company were exchanged. ClearOne Inc. has a 52-week low of $9.51 and a 52-week high of $13.45. The firm has a 50-day moving average of $10.98 and a 200-day moving average of $11.12. The firm has a market cap of $97.58 billion, a price-to-earnings ratio of 20.3578 and a beta of 1.26.
ClearOne (NASDAQ:CLRO) last announced its earnings results on Tuesday, November 8th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.22. ClearOne had a net margin of 9.78% and a return on equity of 8.54%. The company had revenue of $12.90 million for the quarter, compared to analyst estimates of $13.76 million. On average, equities analysts forecast that ClearOne Inc. will post $0.77 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.82%. ClearOne’s payout ratio is 37.74%.
Institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its position in shares of ClearOne by 373.8% in the third quarter. Morgan Stanley now owns 9,475 shares of the company’s stock worth $106,000 after buying an additional 7,475 shares during the last quarter. Northern Trust Corp raised its position in shares of ClearOne by 1.9% in the third quarter. Northern Trust Corp now owns 10,591 shares of the company’s stock worth $119,000 after buying an additional 202 shares during the last quarter. Vanguard Group Inc. raised its position in shares of ClearOne by 0.4% in the second quarter. Vanguard Group Inc. now owns 137,333 shares of the company’s stock worth $1,538,000 after buying an additional 503 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of ClearOne by 17.7% in the first quarter. Wellington Management Group LLP now owns 705,956 shares of the company’s stock worth $8,189,000 after buying an additional 105,942 shares during the last quarter. Institutional investors own 18.61% of the company’s stock.
A number of research analysts recently commented on CLRO shares. B. Riley reiterated a “buy” rating and set a $13.25 price objective on shares of ClearOne in a research note on Tuesday, August 9th. Zacks Investment Research upgraded shares of ClearOne from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, August 10th. TheStreet lowered shares of ClearOne from a “buy” rating to a “hold” rating in a research note on Wednesday, August 24th. Finally, Singular Research started coverage on shares of ClearOne in a research note on Wednesday, September 7th. They set a “buy” rating and a $14.50 price objective on the stock.
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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