Clarus (NASDAQ:CLAR) Trading Up 0.6% – Time to Buy?

Clarus Corporation (NASDAQ:CLAR) shares were up 0.6% on Thursday . The company traded as high as $3.14 and last traded at $3.11. Approximately 122,129 shares traded hands during trading, a decline of 59% from the average daily volume of 296,882 shares. The stock had previously closed at $3.09.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CLAR shares. Wall Street Zen upgraded shares of Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Lake Street Capital dropped their price objective on shares of Clarus from $3.50 to $3.00 and set a “hold” rating for the company in a report on Friday, March 6th. Roth Mkm set a $2.90 price objective on shares of Clarus in a report on Wednesday, May 13th. Zacks Research upgraded shares of Clarus from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Finally, Stifel Nicolaus set a $5.00 price objective on shares of Clarus in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3.63.

Clarus Stock Up 0.6%

The stock has a market cap of $119.55 million, a price-to-earnings ratio of -2.68 and a beta of 1.02. The business’s fifty day moving average is $2.78 and its two-hundred day moving average is $3.19.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Clarus had a negative net margin of 17.70% and a negative return on equity of 0.11%. The company had revenue of $65.41 million during the quarter, compared to the consensus estimate of $68.67 million.

Clarus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, May 18th were paid a $0.025 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.10 dividend on an annualized basis and a yield of 3.2%. Clarus’s payout ratio is currently -8.62%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Parthenon LLC lifted its position in shares of Clarus by 39.6% during the 4th quarter. Parthenon LLC now owns 1,005,364 shares of the company’s stock worth $3,368,000 after buying an additional 285,124 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Clarus by 344.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 66,498 shares of the company’s stock worth $233,000 after buying an additional 51,548 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Clarus by 3.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 315,000 shares of the company’s stock worth $1,102,000 after buying an additional 11,500 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Clarus by 195.7% during the 3rd quarter. GSA Capital Partners LLP now owns 84,250 shares of the company’s stock worth $295,000 after buying an additional 55,754 shares during the last quarter. Finally, Peapod Lane Capital LLC lifted its position in shares of Clarus by 9.3% during the 3rd quarter. Peapod Lane Capital LLC now owns 530,183 shares of the company’s stock worth $1,855,000 after buying an additional 44,963 shares during the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Company Profile

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.