Teachers Advisors LLC held its position in shares of Clearfield, Inc. (NASDAQ:CLFD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,822 shares of the communications equipment provider’s stock at the end of the second quarter. Teachers Advisors LLC owned about 0.14% of Clearfield worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CLFD. American International Group Inc. lifted its stake in Clearfield by 7.0% in the first quarter. American International Group Inc. now owns 7,048 shares of the communications equipment provider’s stock valued at $116,000 after purchasing an additional 461 shares during the last quarter. Vanguard Group Inc. lifted its stake in Clearfield by 12.7% in the first quarter. Vanguard Group Inc. now owns 447,606 shares of the communications equipment provider’s stock valued at $7,363,000 after purchasing an additional 50,391 shares during the last quarter. Geode Capital Management LLC lifted its stake in Clearfield by 8.4% in the first quarter. Geode Capital Management LLC now owns 91,098 shares of the communications equipment provider’s stock valued at $1,498,000 after purchasing an additional 7,038 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Clearfield by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 324,288 shares of the communications equipment provider’s stock valued at $5,335,000 after purchasing an additional 7,645 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Clearfield by 8.9% in the first quarter. Renaissance Technologies LLC now owns 517,286 shares of the communications equipment provider’s stock valued at $8,509,000 after purchasing an additional 42,087 shares during the last quarter. 28.73% of the stock is owned by institutional investors.

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Clearfield, Inc. (NASDAQ:CLFD) opened at $13.65 on Tuesday. Clearfield, Inc. has a 12 month low of $11.00 and a 12 month high of $21.60. The company has a market capitalization of $183.00, a P/E ratio of 47.32 and a beta of 1.26.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Thursday, November 9th. The communications equipment provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Clearfield had a return on equity of 5.95% and a net margin of 5.20%. The business had revenue of $18.42 million for the quarter, compared to the consensus estimate of $19.50 million. analysts expect that Clearfield, Inc. will post 0.29 earnings per share for the current fiscal year.

Several research firms recently commented on CLFD. Zacks Investment Research downgraded Clearfield from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Lake Street Capital upped their price objective on Clearfield from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, Northland Securities set a $15.00 price objective on Clearfield and gave the company a “buy” rating in a research note on Tuesday, October 17th.

Clearfield Company Profile

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, which is the building block of its product platform; Connectivity and Optical Components; FieldSmart, which is a series of panels, cabinets, wall boxes and other enclosures that house the Clearview components; FieldShield, which is a fiber delivery method for broadband deployment; CraftSmart, which is a line of optical protection field enclosures, and Cable Assemblies.

Institutional Ownership by Quarter for Clearfield (NASDAQ:CLFD)

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