Warren B. Kanders Buys 200,000 Shares of Clarus Co. (NASDAQ:CLAR) Stock

Clarus Co. (NASDAQ:CLAR) Chairman Warren B. Kanders acquired 200,000 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $4.19 per share, for a total transaction of $838,000.00. Following the purchase, the chairman now directly owns 4,045,527 shares in the company, valued at $16,950,758.13. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Clarus Trading Up 5.7 %

NASDAQ:CLAR opened at $4.27 on Thursday. Clarus Co. has a 1-year low of $3.89 and a 1-year high of $7.65. The firm has a market capitalization of $163.80 million, a price-to-earnings ratio of 16.42 and a beta of 0.84. The business’s fifty day moving average price is $5.10 and its 200 day moving average price is $6.02.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.06) earnings per share (EPS) for the quarter. Clarus had a negative return on equity of 0.75% and a net margin of 2.23%. The company had revenue of $56.48 million during the quarter, compared to analysts’ expectations of $59.28 million. During the same period last year, the company earned $0.07 earnings per share. Equities analysts forecast that Clarus Co. will post 0.02 earnings per share for the current year.

Clarus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were given a dividend of $0.025 per share. The ex-dividend date was Friday, August 9th. This represents a $0.10 dividend on an annualized basis and a yield of 2.34%. Clarus’s payout ratio is 38.46%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Roth Capital lowered shares of Clarus from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. Roth Mkm lowered Clarus from a “buy” rating to a “neutral” rating and cut their target price for the stock from $7.50 to $6.00 in a research report on Friday, August 2nd. StockNews.com downgraded Clarus from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Finally, B. Riley dropped their price target on Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.25.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Greenhaven Road Investment Management L.P. increased its holdings in Clarus by 348.7% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 463,985 shares of the company’s stock worth $3,199,000 after buying an additional 360,583 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Clarus by 35.0% during the 1st quarter. First Eagle Investment Management LLC now owns 528,730 shares of the company’s stock worth $3,569,000 after purchasing an additional 137,000 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Clarus in the 4th quarter valued at $184,000. M&T Bank Corp boosted its holdings in Clarus by 51.0% in the fourth quarter. M&T Bank Corp now owns 98,790 shares of the company’s stock worth $682,000 after purchasing an additional 33,374 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in Clarus during the first quarter worth $567,000. 90.30% of the stock is owned by institutional investors and hedge funds.

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.