Builder Investment Group Inc. ADV Raises Holdings in Clarus Co. (NASDAQ:CLAR)

Builder Investment Group Inc. ADV increased its holdings in Clarus Co. (NASDAQ:CLAR) by 97.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 254,280 shares of the company’s stock after acquiring an additional 125,573 shares during the period. Builder Investment Group Inc. ADV owned approximately 0.66% of Clarus worth $1,144,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Legacy Capital Group California Inc. purchased a new position in shares of Clarus during the second quarter worth $72,000. EntryPoint Capital LLC purchased a new position in shares of Clarus during the first quarter worth $83,000. BNP Paribas Financial Markets boosted its position in shares of Clarus by 71.5% during the first quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock worth $101,000 after buying an additional 6,213 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Clarus by 30.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock worth $105,000 after buying an additional 3,658 shares during the period. Finally, Gabelli Funds LLC purchased a new position in shares of Clarus during the first quarter worth $162,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Clarus Price Performance

Clarus stock opened at $4.29 on Tuesday. Clarus Co. has a 1-year low of $3.89 and a 1-year high of $7.55. The stock has a market cap of $164.56 million, a PE ratio of 23.83 and a beta of 0.83. The stock’s fifty day moving average is $4.41 and its two-hundred day moving average is $5.64.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share for the quarter. Clarus had a net margin of 2.23% and a negative return on equity of 0.75%. The business had revenue of $56.48 million during the quarter, compared to analyst estimates of $59.28 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. On average, research analysts expect that Clarus Co. will post 0.02 earnings per share for the current fiscal year.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, August 9th. Clarus’s dividend payout ratio (DPR) is currently 55.56%.

Insider Transactions at Clarus

In other news, Chairman Warren B. Kanders bought 30,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $4.05 per share, for a total transaction of $121,500.00. Following the completion of the transaction, the chairman now owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Warren B. Kanders bought 200,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $4.19 per share, for a total transaction of $838,000.00. Following the completion of the transaction, the chairman now owns 4,045,527 shares of the company’s stock, valued at approximately $16,950,758.13. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Warren B. Kanders bought 30,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $4.05 per share, for a total transaction of $121,500.00. Following the transaction, the chairman now directly owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 20.40% of the company’s stock.

Analysts Set New Price Targets

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

Clarus Profile

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.