First Eagle Investment Management LLC Has $3.69 Million Stock Position in Clarus Co. (NASDAQ:CLAR)

First Eagle Investment Management LLC increased its position in shares of Clarus Co. (NASDAQ:CLAR) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 547,578 shares of the company’s stock after acquiring an additional 18,848 shares during the quarter. First Eagle Investment Management LLC’s holdings in Clarus were worth $3,685,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CLAR. Old West Investment Management LLC lifted its position in Clarus by 8.2% during the 2nd quarter. Old West Investment Management LLC now owns 115,652 shares of the company’s stock valued at $778,000 after purchasing an additional 8,800 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Clarus by 22.8% during the second quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company’s stock worth $5,325,000 after buying an additional 146,766 shares during the last quarter. American Century Companies Inc. lifted its holdings in Clarus by 67.5% in the second quarter. American Century Companies Inc. now owns 252,573 shares of the company’s stock valued at $1,700,000 after buying an additional 101,822 shares during the period. Rhumbline Advisers boosted its stake in Clarus by 5.9% in the second 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 last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Clarus by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 285,128 shares of the company’s stock worth $1,919,000 after acquiring an additional 9,175 shares during the period. Institutional investors own 90.30% of the company’s stock.

Clarus Trading Down 1.3 %

CLAR stock opened at $4.67 on Friday. Clarus Co. has a 1-year low of $3.89 and a 1-year high of $7.59. The firm has a market cap of $179.14 million, a PE ratio of 17.96 and a beta of 0.83. The business’s 50-day moving average price is $4.89 and its two-hundred day moving average price is $5.97.

Clarus (NASDAQ:CLAR) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $59.28 million. During the same quarter last year, the firm earned $0.07 EPS. On average, analysts forecast that Clarus Co. will post 0.02 earnings per share for the current year.

Clarus Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Friday, August 9th. Clarus’s dividend payout ratio is 38.46%.

Insider Buying and Selling

In related news, Chairman Warren B. Kanders bought 30,000 shares of Clarus stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average cost of $4.05 per share, with a total value of $121,500.00. Following the purchase, the chairman now owns 4,075,527 shares in the company, valued at $16,505,884.35. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Chairman Warren B. Kanders bought 30,000 shares of the business’s stock in a transaction on 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 purchase, the chairman now owns 4,075,527 shares of the company’s stock, valued at approximately $16,505,884.35. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Warren B. Kanders purchased 200,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $4.19 per share, with a total value of $838,000.00. Following the completion of the purchase, the chairman now directly owns 4,045,527 shares in the company, valued at $16,950,758.13. The disclosure for this purchase can be found here. 22.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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