SG Americas Securities LLC Has $142,000 Stock Position in Clearfield, Inc. (NASDAQ:CLFD)

SG Americas Securities LLC boosted its holdings in Clearfield, Inc. (NASDAQ:CLFD) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,641 shares of the communications equipment provider’s stock after buying an additional 279 shares during the period. SG Americas Securities LLC’s holdings in Clearfield were worth $142,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB increased its position in Clearfield by 172.9% during the first quarter. Nordea Investment Management AB now owns 113,904 shares of the communications equipment provider’s stock worth $3,531,000 after acquiring an additional 72,164 shares during the period. Vanguard Group Inc. increased its holdings in shares of Clearfield by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 1,012,432 shares of the communications equipment provider’s stock worth $31,223,000 after purchasing an additional 14,307 shares during the period. Concurrent Investment Advisors LLC bought a new position in shares of Clearfield during the 2nd quarter worth about $835,000. Creative Planning raised its position in shares of Clearfield by 2.5% during the second quarter. Creative Planning now owns 98,088 shares of the communications equipment provider’s stock valued at $3,782,000 after buying an additional 2,426 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Clearfield by 83.2% in the second quarter. Dimensional Fund Advisors LP now owns 228,173 shares of the communications equipment provider’s stock valued at $8,798,000 after buying an additional 103,648 shares during the period. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CLFD. Northland Securities boosted their price target on Clearfield from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Clearfield in a report on Tuesday, September 24th. Lake Street Capital upgraded Clearfield from a “hold” rating to a “buy” rating and upped their target price for the company from $31.00 to $47.00 in a research note on Friday, August 2nd. Roth Mkm reduced their target price on Clearfield from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, StockNews.com lowered shares of Clearfield from a “hold” rating to a “sell” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $46.75.

Insider Activity

In other news, Director Walter Louis Jones, Jr. bought 1,324 shares of the stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $37.77 per share, with a total value of $50,007.48. Following the acquisition, the director now owns 6,061 shares in the company, valued at $228,923.97. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.00% of the stock is owned by corporate insiders.

Clearfield Stock Up 0.3 %

NASDAQ CLFD opened at $36.43 on Friday. Clearfield, Inc. has a 1-year low of $22.91 and a 1-year high of $44.83. The company has a market capitalization of $518.51 million, a price-to-earnings ratio of -145.72 and a beta of 1.34. The stock’s 50 day moving average is $37.72 and its two-hundred day moving average is $37.18. The company has a current ratio of 8.38, a quick ratio of 5.73 and a debt-to-equity ratio of 0.01.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.30. Clearfield had a negative return on equity of 3.06% and a negative net margin of 5.26%. The business had revenue of $48.79 million for the quarter, compared to analyst estimates of $42.13 million. During the same quarter in the previous year, the firm earned $0.33 EPS. Clearfield’s quarterly revenue was down 20.4% on a year-over-year basis. Equities analysts forecast that Clearfield, Inc. will post -0.98 earnings per share for the current fiscal year.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.