Clearfield, Inc. $CLFD Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in Clearfield, Inc. (NASDAQ:CLFD) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 379,912 shares of the communications equipment provider’s stock after selling 39,887 shares during the period. Royce & Associates LP’s holdings in Clearfield were worth $11,074,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP bought a new stake in shares of Clearfield in the 3rd quarter valued at approximately $42,000. Tower Research Capital LLC TRC increased its holdings in shares of Clearfield by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after acquiring an additional 1,012 shares during the last quarter. Strs Ohio bought a new stake in shares of Clearfield in the 1st quarter valued at approximately $131,000. Captrust Financial Advisors bought a new stake in shares of Clearfield in the 2nd quarter valued at approximately $220,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Clearfield in the 2nd quarter valued at approximately $234,000. 88.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Walter Louis Jones, Jr. sold 2,391 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.05, for a total transaction of $110,105.55. Following the completion of the transaction, the director directly owned 8,682 shares in the company, valued at $399,806.10. This represents a 21.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CLFD has been the subject of a number of research analyst reports. Weiss Ratings downgraded Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Roth Mkm reiterated a “buy” rating and issued a $44.00 price target on shares of Clearfield in a report on Monday, May 4th. Finally, Zacks Research downgraded Clearfield from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Clearfield currently has an average rating of “Moderate Buy” and a consensus target price of $43.75.

Clearfield Price Performance

Shares of CLFD opened at $51.26 on Thursday. The company has a market cap of $696.62 million, a P/E ratio of -82.68 and a beta of 1.90. The stock has a fifty day moving average price of $33.01 and a 200 day moving average price of $31.34. Clearfield, Inc. has a 12 month low of $23.76 and a 12 month high of $52.73.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Wednesday, May 6th. The communications equipment provider reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The firm had revenue of $34.39 million during the quarter, compared to the consensus estimate of $33.58 million. Clearfield had a positive return on equity of 1.03% and a negative net margin of 5.41%.Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. As a group, research analysts anticipate that Clearfield, Inc. will post 0.52 earnings per share for the current year.

About Clearfield

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.