Parthenon LLC Boosts Stock Position in Clarus Corporation (NASDAQ:CLAR)

Parthenon LLC grew its holdings in Clarus Corporation (NASDAQ:CLAR) by 394.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 330,040 shares of the company’s stock after buying an additional 263,260 shares during the period. Parthenon LLC’s holdings in Clarus were worth $1,238,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cove Street Capital LLC lifted its holdings in shares of Clarus by 182.4% during the fourth quarter. Cove Street Capital LLC now owns 297,431 shares of the company’s stock worth $1,341,000 after purchasing an additional 192,099 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Clarus by 12.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company’s stock worth $5,388,000 after purchasing an additional 134,627 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Clarus by 43.0% during the fourth quarter. Bank of New York Mellon Corp now owns 372,936 shares of the company’s stock worth $1,682,000 after purchasing an additional 112,099 shares during the period. Bank of America Corp DE lifted its holdings in Clarus by 14.6% in the fourth quarter. Bank of America Corp DE now owns 33,093 shares of the company’s stock valued at $149,000 after acquiring an additional 4,211 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in Clarus by 60.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 280,000 shares of the company’s stock valued at $1,263,000 after acquiring an additional 105,500 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Stock Performance

NASDAQ CLAR opened at $3.59 on Tuesday. The business has a fifty day moving average price of $3.41 and a 200 day moving average price of $3.91. Clarus Corporation has a one year low of $3.02 and a one year high of $6.55. The company has a market cap of $137.86 million, a P/E ratio of -1.73 and a beta of 0.87.

Clarus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, May 19th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, May 19th. Clarus’s dividend payout ratio is currently -4.83%.

Wall Street Analyst Weigh In

CLAR has been the subject of a number of analyst reports. Lake Street Capital decreased their price target on Clarus from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, May 9th. Stifel Nicolaus reduced their target price on Clarus from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Roth Capital set a $3.50 target price on Clarus and gave the stock a “neutral” rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.10.

Insider Buying and Selling

In other news, Chairman Warren B. Kanders acquired 10,394 shares of Clarus stock in a transaction that occurred on Monday, June 23rd. The stock was purchased at an average cost of $3.48 per share, with a total value of $36,171.12. Following the purchase, the chairman owned 4,155,326 shares in the company, valued at $14,460,534.48. This trade represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.40% of the company’s stock.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.