Clarus Corp (NASDAQ:CLAR) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 822,700 shares, a decline of 8.5% from the January 15th total of 899,200 shares. Based on an average trading volume of 132,700 shares, the days-to-cover ratio is presently 6.2 days. Currently, 3.6% of the company’s stock are sold short.
Shares of NASDAQ:CLAR traded down $0.05 during trading on Friday, hitting $13.52. The company’s stock had a trading volume of 35,700 shares, compared to its average volume of 93,771. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.72 and a current ratio of 4.32. Clarus has a fifty-two week low of $8.56 and a fifty-two week high of $15.10. The stock’s 50-day moving average price is $13.34 and its two-hundred day moving average price is $12.38. The company has a market capitalization of $407.12 million, a PE ratio of 40.97 and a beta of 1.19.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, January 31st. Clarus’s dividend payout ratio (DPR) is 17.54%.
Several research firms recently commented on CLAR. Zacks Investment Research upgraded Clarus from a “sell” rating to a “hold” rating in a research note on Monday, January 6th. BidaskClub cut Clarus from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 7th. Finally, ValuEngine upgraded Clarus from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Clarus currently has an average rating of “Buy” and a consensus target price of $16.60.
Large investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Clarus by 2.8% in the third quarter. State Street Corp now owns 372,708 shares of the company’s stock worth $4,370,000 after acquiring an additional 10,107 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of Clarus by 33.8% in the third quarter. Squarepoint Ops LLC now owns 68,865 shares of the company’s stock worth $807,000 after acquiring an additional 17,407 shares in the last quarter. Granahan Investment Management Inc. MA acquired a new position in shares of Clarus in the third quarter worth about $1,490,000. Boston Partners acquired a new position in shares of Clarus in the third quarter worth about $172,000. Finally, Nuveen Asset Management LLC acquired a new position in shares of Clarus in the second quarter worth about $3,779,000. Institutional investors and hedge funds own 65.17% of the company’s stock.
Clarus Company Profile
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.
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