Zacks Investment Research upgraded shares of Black Diamond, Inc. (NASDAQ:CLAR) from a hold rating to a strong-buy rating in a research note published on Friday morning. The firm currently has $8.25 price objective on the stock.

According to Zacks, “Clarus Corporation engages in design, manufacture and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. PIEPS is a designer and marketer of avalanche beacons and snow safety products. Clarus Corporation, formerly known as Black Diamond Inc., is headquartered in Salt Lake City, UT. “

A number of other equities research analysts also recently issued reports on the company. Roth Capital set a $7.00 price objective on Black Diamond and gave the company a hold rating in a research report on Wednesday, August 23rd. Stifel Nicolaus upped their price objective on Black Diamond from $8.00 to $9.00 and gave the company a buy rating in a research report on Tuesday, November 7th.

Shares of Black Diamond (NASDAQ:CLAR) traded down $0.10 during mid-day trading on Friday, reaching $7.25. The company’s stock had a trading volume of 57,000 shares, compared to its average volume of 90,732. Black Diamond has a fifty-two week low of $5.00 and a fifty-two week high of $7.95. The company has a current ratio of 4.53, a quick ratio of 1.68 and a debt-to-equity ratio of 0.18.

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In other Black Diamond news, insider Aaron Kuehne bought 5,923 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average price of $7.21 per share, with a total value of $42,704.83. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicolas Sokolow bought 25,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average cost of $7.10 per share, for a total transaction of $177,500.00. Following the purchase, the director now owns 65,000 shares of the company’s stock, valued at approximately $461,500. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 66,348 shares of company stock worth $447,361. Company insiders own 33.60% of the company’s stock.

A hedge fund recently bought a new stake in Black Diamond stock. Nationwide Fund Advisors bought a new stake in shares of Black Diamond, Inc. (NASDAQ:CLAR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 56,382 shares of the company’s stock, valued at approximately $423,000. Nationwide Fund Advisors owned about 0.19% of Black Diamond as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 47.96% of the company’s stock.

About Black Diamond

Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.

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