Edward D. Bagley Buys 22,195 Shares of ClearOne, Inc. (CLRO) Stock
ClearOne, Inc. (NASDAQ:CLRO) major shareholder Edward D. Bagley bought 22,195 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of $7.57 per share, for a total transaction of $168,016.15. Following the completion of the transaction, the insider now directly owns 1,983,377 shares of the company’s stock, valued at $15,014,163.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of ClearOne, Inc. (NASDAQ:CLRO) opened at 7.75 on Thursday. The firm’s market capitalization is $66.26 million. The stock’s 50 day moving average price is $8.31 and its 200-day moving average price is $9.66. ClearOne, Inc. has a 12 month low of $7.20 and a 12 month high of $12.60.
ClearOne (NASDAQ:CLRO) last announced its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.07). The firm had revenue of $10.31 million during the quarter, compared to the consensus estimate of $12.01 million. ClearOne had a negative net margin of 2.56% and a positive return on equity of 1.83%. On average, equities research analysts predict that ClearOne, Inc. will post $0.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.28 dividend on an annualized basis and a yield of 3.61%. ClearOne’s payout ratio is -215.38%.
A hedge fund recently bought a new stake in ClearOne stock. Hancock Holding Co. purchased a new position in ClearOne, Inc. (NASDAQ:CLRO) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,704 shares of the communications equipment provider’s stock, valued at approximately $166,000. Hancock Holding Co. owned about 0.19% of ClearOne as of its most recent SEC filing. Hedge funds and other institutional investors own 17.18% of the company’s stock.
A number of equities research analysts have recently issued reports on CLRO shares. Zacks Investment Research raised ClearOne from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine raised ClearOne from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, B. Riley reaffirmed a “buy” rating and set a $9.75 target price on shares of ClearOne in a research report on Tuesday, August 15th.
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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