Geode Capital Management LLC Has $3.19 Million Stock Holdings in Clarus Co. (NASDAQ:CLAR)

Geode Capital Management LLC increased its stake in shares of Clarus Co. (NASDAQ:CLAR) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,201 shares of the company’s stock after purchasing an additional 14,489 shares during the quarter. Geode Capital Management LLC’s holdings in Clarus were worth $3,187,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Clarus by 22.8% in the second quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company’s stock worth $5,325,000 after acquiring an additional 146,766 shares during the period. Builder Investment Group Inc. ADV boosted its stake in Clarus by 97.6% during the third quarter. Builder Investment Group Inc. ADV now owns 254,280 shares of the company’s stock worth $1,144,000 after acquiring an additional 125,573 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Clarus by 67.5% in the 2nd 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. Jacobs Levy Equity Management Inc. acquired a new position in Clarus during the 3rd quarter worth approximately $420,000. Finally, Marquette Asset Management LLC acquired a new position in shares of Clarus during the third quarter worth approximately $310,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insider Transactions at Clarus

In other Clarus news, Director Michael A. Henning sold 44,600 shares of Clarus stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total transaction of $198,916.00. Following the sale, the director now directly owns 110,400 shares of the company’s stock, valued at approximately $492,384. The trade was a 28.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 20.40% of the company’s stock.

Clarus Trading Down 1.7 %

NASDAQ CLAR opened at $4.57 on Tuesday. Clarus Co. has a 12 month low of $3.89 and a 12 month high of $7.55. The business has a fifty day simple moving average of $4.55 and a 200 day simple moving average of $4.85. The firm has a market capitalization of $175.31 million, a P/E ratio of 35.16 and a beta of 0.84.

Clarus (NASDAQ:CLAR) last announced 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). Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. The firm had revenue of $67.12 million during the quarter, compared to analysts’ expectations of $72.98 million. As a group, sell-side analysts predict that Clarus Co. will post -0.06 EPS for the current fiscal year.

Clarus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.025 per share. 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 dividend payout ratio (DPR) is presently 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.