Clearfield Inc. (NASDAQ:CLFD) CFO Daniel R. Herzog sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $19.30, for a total value of $482,500.00. Following the completion of the transaction, the chief financial officer now owns 97,010 shares of the company’s stock, valued at $1,872,293. The transaction was disclosed in a filing with the SEC, which is available at this link.

Clearfield Inc. (NASDAQ:CLFD) traded down 0.544% during midday trading on Wednesday, hitting $19.195. The stock had a trading volume of 8,447 shares. Clearfield Inc. has a 1-year low of $12.02 and a 1-year high of $20.28. The stock’s 50-day moving average is $18.10 and its 200-day moving average is $18.23. The company has a market capitalization of $259.02 million, a PE ratio of 32.534 and a beta of 1.09.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.08. The firm earned $21.10 million during the quarter, compared to analyst estimates of $19.90 million. Clearfield had a return on equity of 13.92% and a net margin of 10.33%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. Equities research analysts forecast that Clearfield Inc. will post $0.56 EPS for the current year.

Insider Buying and Selling by Quarter for Clearfield (NASDAQ:CLFD)

Separately, Zacks Investment Research lowered Clearfield from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its position in Clearfield by 4.3% in the third quarter. BlackRock Fund Advisors now owns 312,294 shares of the company’s stock valued at $5,871,000 after buying an additional 12,836 shares in the last quarter. Two Sigma Advisers LP raised its position in Clearfield by 83.7% in the third quarter. Two Sigma Advisers LP now owns 28,100 shares of the company’s stock valued at $528,000 after buying an additional 12,800 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new position in Clearfield during the second quarter valued at approximately $160,000. The Manufacturers Life Insurance Company bought a new position in Clearfield during the third quarter valued at approximately $160,000. Finally, Cadence Capital Management LLC raised its position in Clearfield by 13.2% in the second quarter. Cadence Capital Management LLC now owns 65,388 shares of the company’s stock valued at $1,170,000 after buying an additional 7,648 shares in the last quarter. Institutional investors own 25.39% of the company’s stock.

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About Clearfield

Clearfield, Inc manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette, including Clearview Classic and Clearview Blue, and Clearview xPAK; Connectivity and Optical Components, including Cable-to-Cable Deployment and Optical Components; FieldSmart, including FieldSmart Fiber Crossover Distribution System, FieldSmart Fiber Scalability Center, FieldSmart Fiber Delivery Point and FieldSmart Small Count Delivery; FieldShield; CraftSmart, and Cable Assemblies.

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