Clarus Co. (NASDAQ:CLAR) Director Michael A. Henning Sells 44,600 Shares of Stock

Clarus Co. (NASDAQ:CLAR) Director Michael A. Henning sold 44,600 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $4.46, for a total transaction of $198,916.00. Following the transaction, the director now owns 110,400 shares in the company, valued at approximately $492,384. This trade represents a 28.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clarus Stock Up 4.2 %

Shares of CLAR stock opened at $4.48 on Friday. The stock has a market cap of $171.85 million, a P/E ratio of 34.46 and a beta of 0.83. The company’s fifty day simple moving average is $4.41 and its two-hundred day simple moving average is $5.40. Clarus Co. has a 52 week low of $3.89 and a 52 week high of $7.55.

Clarus (NASDAQ:CLAR) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $67.12 million for the quarter, compared to analysts’ expectations of $72.98 million. Clarus had a net margin of 1.80% and a negative return on equity of 2.17%. On average, analysts anticipate that Clarus Co. will post 0.02 EPS for the current fiscal year.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be given a dividend of $0.025 per share. The ex-dividend date is Monday, November 18th. This represents a $0.10 annualized dividend and a yield of 2.23%. Clarus’s dividend payout ratio (DPR) is currently 76.93%.

Institutional Trading of Clarus

A number of large investors have recently made changes to their positions in the business. Rhumbline Advisers grew its position in Clarus by 5.9% in the second quarter. Rhumbline Advisers now owns 45,658 shares of the company’s stock worth $307,000 after acquiring an additional 2,545 shares in the last quarter. Legacy Capital Group California Inc. boosted its stake in Clarus by 32.7% during the third quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company’s stock worth $64,000 after buying an additional 3,521 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Clarus by 30.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after acquiring an additional 3,658 shares during the last quarter. State Street Corp raised its stake in shares of Clarus by 0.7% in the third quarter. State Street Corp now owns 566,027 shares of the company’s stock valued at $2,547,000 after acquiring an additional 3,789 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Clarus by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 95,288 shares of the company’s stock worth $429,000 after purchasing an additional 4,824 shares during the period. 90.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. B. Riley dropped their price objective on shares of Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, August 5th. StockNews.com downgraded Clarus from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Roth Capital lowered shares of Clarus from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Roth Mkm cut shares of Clarus from a “buy” rating to a “neutral” rating and lowered their target price for the company from $7.50 to $6.00 in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.67.

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.