Insider Buying: Black Diamond, Inc. (CLAR) Director Buys $36,851.76 in Stock

Black Diamond, Inc. (NASDAQ:CLAR) Director Nicolas Sokolow purchased 5,076 shares of the business’s stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $7.26 per share, for a total transaction of $36,851.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Nicolas Sokolow also recently made the following trade(s):



  • On Friday, August 25th, Nicolas Sokolow acquired 25,000 shares of Black Diamond stock. The shares were bought at an average cost of $7.10 per share, for a total transaction of $177,500.00.
  • On Thursday, August 24th, Nicolas Sokolow acquired 19,625 shares of Black Diamond stock. The shares were bought at an average cost of $6.39 per share, for a total transaction of $125,403.75.
  • On Tuesday, August 22nd, Nicolas Sokolow acquired 15,800 shares of Black Diamond stock. The shares were bought at an average cost of $6.44 per share, for a total transaction of $101,752.00.

Shares of Black Diamond, Inc. (CLAR) traded up $0.17 during mid-day trading on Friday, hitting $7.57. 166,090 shares of the stock traded hands, compared to its average volume of 51,180. The company has a quick ratio of 1.68, a current ratio of 4.53 and a debt-to-equity ratio of 0.18. Black Diamond, Inc. has a 12 month low of $5.00 and a 12 month high of $7.95.

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A number of research firms have recently issued reports on CLAR. Zacks Investment Research raised shares of Black Diamond from a “hold” rating to a “strong-buy” rating and set a $8.25 price objective on the stock in a research report on Friday, November 10th. Stifel Nicolaus upped their target price on shares of Black Diamond from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, Roth Capital set a $7.00 price objective on shares of Black Diamond and gave the company a “hold” rating in a research note on Wednesday, August 23rd.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLAR. Boston Partners boosted its holdings in Black Diamond by 13.5% in the 2nd quarter. Boston Partners now owns 192,200 shares of the company’s stock worth $1,278,000 after buying an additional 22,800 shares during the period. Citigroup Inc. boosted its holdings in Black Diamond by 7,684.5% in the 2nd quarter. Citigroup Inc. now owns 65,312 shares of the company’s stock worth $434,000 after buying an additional 64,473 shares during the period. Essex Investment Management Co. LLC boosted its holdings in Black Diamond by 53.3% in the 2nd quarter. Essex Investment Management Co. LLC now owns 255,533 shares of the company’s stock worth $1,699,000 after buying an additional 88,821 shares during the period. Bank of New York Mellon Corp boosted its holdings in Black Diamond by 189.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 81,214 shares of the company’s stock worth $540,000 after buying an additional 53,137 shares during the period. Finally, Marquette Asset Management Inc. boosted its holdings in Black Diamond by 9.5% in the 2nd quarter. Marquette Asset Management Inc. now owns 25,124 shares of the company’s stock worth $167,000 after buying an additional 2,176 shares during the period. 47.96% of the stock is owned by institutional investors.

About Black Diamond

Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.

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