Insider Selling: Clarus Co. (NASDAQ:CLAR) Director Sells 44,600 Shares of Stock

Clarus Co. (NASDAQ:CLAR) Director Michael A. Henning sold 44,600 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were 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 in the company, valued at approximately $492,384. This represents a 28.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Clarus Price Performance

CLAR opened at $4.48 on Monday. The stock’s 50 day simple moving average is $4.41 and its 200 day simple moving average is $5.39. Clarus Co. has a 1 year low of $3.89 and a 1 year high of $7.55. The firm has a market cap of $171.86 million, a price-to-earnings ratio of 34.46 and a beta of 0.83.

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 analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $67.12 million during the quarter, compared to the consensus estimate of $72.98 million. Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. As a group, sell-side analysts anticipate that Clarus Co. will post 0.02 EPS for the current year.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be given a $0.025 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.23%. Clarus’s dividend payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CLAR shares. Roth Mkm cut Clarus from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $7.50 to $6.00 in a report on Friday, August 2nd. StockNews.com cut Clarus from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. B. Riley decreased their price objective on Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, Roth Capital cut Clarus from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.67.

Institutional Investors Weigh In On Clarus

Large investors have recently made changes to their positions in the business. First Eagle Investment Management LLC grew its position in shares of Clarus by 35.0% in the 1st quarter. First Eagle Investment Management LLC now owns 528,730 shares of the company’s stock worth $3,569,000 after buying an additional 137,000 shares during the last quarter. Builder Investment Group Inc. ADV lifted its stake in shares of Clarus by 97.6% in the 3rd quarter. Builder Investment Group Inc. ADV now owns 254,280 shares of the company’s stock valued at $1,144,000 after purchasing an additional 125,573 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Clarus by 22.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company’s stock valued at $5,325,000 after purchasing an additional 146,766 shares during the period. Empowered Funds LLC purchased a new position in shares of Clarus in the 1st quarter valued at approximately $567,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Clarus by 30.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after purchasing an additional 3,658 shares during the period. 90.30% of the stock is currently owned by institutional investors.

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.