XTX Topco Ltd Takes Position in Clarus Co. (NASDAQ:CLAR)

XTX Topco Ltd bought a new position in shares of Clarus Co. (NASDAQ:CLAR) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 23,102 shares of the company’s stock, valued at approximately $104,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLAR. Rhumbline Advisers grew its position in shares of Clarus by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 45,658 shares of the company’s stock valued at $307,000 after acquiring an additional 2,545 shares during the period. Legacy Capital Group California Inc. grew its holdings 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 purchasing an additional 3,521 shares during the period. State Street Corp increased its position in Clarus by 0.7% during the third quarter. State Street Corp now owns 566,027 shares of the company’s stock worth $2,547,000 after buying an additional 3,789 shares during the last quarter. Empowered Funds LLC raised its stake in Clarus by 5.3% in the third quarter. Empowered Funds LLC now owns 95,288 shares of the company’s stock valued at $429,000 after buying an additional 4,824 shares during the period. Finally, Old West Investment Management LLC lifted its position in shares of Clarus by 8.2% in the second quarter. Old West Investment Management LLC now owns 115,652 shares of the company’s stock valued at $778,000 after buying an additional 8,800 shares during the last quarter. 90.30% of the stock is owned by institutional investors.

Insider Transactions at Clarus

In other Clarus news, Director Michael A. Henning sold 44,600 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total value of $198,916.00. Following the transaction, the director now directly owns 110,400 shares of the company’s stock, valued at $492,384. This represents a 28.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 20.40% of the stock is owned by corporate insiders.

Clarus Trading Up 4.3 %

CLAR stock opened at $4.56 on Friday. Clarus Co. has a 1-year low of $3.89 and a 1-year high of $7.55. The business’s 50 day simple moving average is $4.50 and its 200 day simple moving average is $5.01. The firm has a market capitalization of $174.93 million, a PE ratio of 35.08 and a beta of 0.85.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data 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 company had revenue of $67.12 million during the quarter, compared to the consensus estimate of $72.98 million. Clarus had a net margin of 1.80% and a negative return on equity of 2.17%. As a group, sell-side analysts predict that Clarus Co. will post -0.06 EPS for the current fiscal year.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, November 18th. Clarus’s payout ratio is 76.92%.

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.