Clarus (NASDAQ:CLAR) Shares Down 1.1% – Time to Sell?

Clarus Corporation (NASDAQ:CLAR)’s stock price dropped 1.1% during mid-day trading on Monday . The stock traded as low as $2.64 and last traded at $2.64. Approximately 208,369 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 271,060 shares. The stock had previously closed at $2.67.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Clarus in a research report on Monday, December 29th. Lake Street Capital dropped their price target on Clarus from $3.50 to $3.00 and set a “hold” rating on the stock in a research note on Friday, March 6th. Stifel Nicolaus cut their price target on Clarus from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 6th. Roth Mkm reduced their price objective on shares of Clarus from $3.50 to $3.25 and set a “neutral” rating for the company in a research report on Friday, March 6th. Finally, Wall Street Zen downgraded shares of Clarus from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.08.

Clarus Stock Performance

The company has a fifty day simple moving average of $3.22 and a two-hundred day simple moving average of $3.39. The stock has a market capitalization of $101.38 million, a price-to-earnings ratio of -2.18 and a beta of 1.11.

Clarus (NASDAQ:CLAR) last released its earnings results on Thursday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $65.41 million for the quarter, compared to analyst estimates of $68.67 million. Clarus had a negative return on equity of 0.82% and a negative net margin of 18.59%. As a group, equities analysts anticipate that Clarus Corporation will post -0.06 earnings per share for the current year.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Monday, March 16th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, March 16th. Clarus’s dividend payout ratio (DPR) is currently -8.26%.

Institutional Trading of Clarus

A number of institutional investors and hedge funds have recently made changes to their positions in CLAR. Virtu Financial LLC bought a new position in Clarus in the fourth quarter valued at approximately $62,000. Lepercq De Neuflize Asset Management LLC raised its position in Clarus by 106.0% during the fourth quarter. Lepercq De Neuflize Asset Management LLC now owns 68,400 shares of the company’s stock valued at $229,000 after purchasing an additional 35,200 shares in the last quarter. XTX Topco Ltd lifted its stake in Clarus by 109.9% during the fourth quarter. XTX Topco Ltd now owns 21,405 shares of the company’s stock worth $72,000 after purchasing an additional 11,206 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Clarus during the fourth quarter worth $56,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Clarus in the 4th quarter valued at $77,000. Institutional investors own 90.30% of the company’s stock.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.