First Eagle Investment Management LLC Has $3.54 Million Position in Clarus Co. (NASDAQ:CLAR)

First Eagle Investment Management LLC raised its position in shares of Clarus Co. (NASDAQ:CLAR) by 34.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 785,200 shares of the company’s stock after acquiring an additional 200,500 shares during the period. First Eagle Investment Management LLC’s holdings in Clarus were worth $3,541,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Clarus by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 708,201 shares of the company’s stock valued at $3,187,000 after purchasing an additional 14,489 shares during the period. State Street Corp increased 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 worth $2,547,000 after acquiring an additional 3,789 shares during the last quarter. Peapod Lane Capital LLC acquired a new position in shares of Clarus in the fourth quarter worth $2,153,000. Bank of New York Mellon Corp increased its stake in shares of Clarus by 43.0% in the fourth quarter. Bank of New York Mellon Corp now owns 372,936 shares of the company’s stock worth $1,682,000 after acquiring an additional 112,099 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Clarus by 13.9% in the third quarter. Stifel Financial Corp now owns 299,229 shares of the company’s stock worth $1,347,000 after acquiring an additional 36,517 shares during the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CLAR. B. Riley dropped their price target on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Lake Street Capital dropped their price target on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.33.

Clarus Trading Down 0.5 %

Shares of NASDAQ:CLAR opened at $4.04 on Friday. The stock has a market capitalization of $154.98 million, a PE ratio of 31.08 and a beta of 0.82. Clarus Co. has a 1 year low of $3.86 and a 1 year high of $7.55. The firm has a fifty day moving average price of $4.61 and a 200 day moving average price of $4.52.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Monday, March 17th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Monday, March 17th. Clarus’s dividend payout ratio is presently -7.35%.

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.