Clearfield (NASDAQ:CLFD) Chairman Purchases $300,600.00 in Stock

Clearfield, Inc. (NASDAQ:CLFD) Chairman Ronald Roth purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average price of $30.06 per share, for a total transaction of $300,600.00. Following the completion of the purchase, the chairman directly owned 1,279,264 shares in the company, valued at $38,454,675.84. This represents a 0.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Clearfield Price Performance

CLFD traded down $0.50 on Monday, reaching $29.14. The company’s stock had a trading volume of 103,165 shares, compared to its average volume of 131,648. The stock has a market cap of $403.27 million, a price-to-earnings ratio of -50.24 and a beta of 1.87. Clearfield, Inc. has a 1 year low of $23.78 and a 1 year high of $46.76. The business’s 50 day moving average is $32.40 and its 200 day moving average is $35.89.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings results on Tuesday, November 25th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. The company had revenue of $17.59 million during the quarter, compared to the consensus estimate of $49.55 million. Clearfield had a positive return on equity of 1.07% and a negative net margin of 4.65%.Clearfield has set its Q1 2026 guidance at -0.080-0.000 EPS and its FY 2026 guidance at 0.480-0.620 EPS. As a group, research analysts forecast that Clearfield, Inc. will post -0.29 earnings per share for the current fiscal year.

Clearfield declared that its board has approved a share buyback plan on Tuesday, November 25th that permits the company to repurchase $85.00 million in shares. This repurchase authorization permits the communications equipment provider to buy up to 22% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Clearfield

A number of hedge funds have recently bought and sold shares of the company. Tudor Investment Corp ET AL grew its holdings in shares of Clearfield by 6.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 61,428 shares of the communications equipment provider’s stock worth $2,112,000 after purchasing an additional 3,489 shares during the period. Penn Capital Management Company LLC increased its holdings in shares of Clearfield by 67.6% in the 3rd quarter. Penn Capital Management Company LLC now owns 11,335 shares of the communications equipment provider’s stock valued at $390,000 after acquiring an additional 4,570 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Clearfield in the 3rd quarter valued at about $244,000. Quarry LP acquired a new position in Clearfield during the 3rd quarter valued at approximately $42,000. Finally, Punch & Associates Investment Management Inc. boosted its stake in Clearfield by 48.4% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 262,610 shares of the communications equipment provider’s stock valued at $9,029,000 after purchasing an additional 85,610 shares during the period. Institutional investors and hedge funds own 88.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CLFD. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating on shares of Clearfield in a research note on Wednesday, November 26th. Roth Capital reduced their target price on Clearfield from $50.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Northland Securities upgraded Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Wednesday, November 26th. Finally, Northland Capmk upgraded shares of Clearfield from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $43.50.

About Clearfield

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.