4,250 Shares in Clearfield, Inc. (NASDAQ:CLFD) Acquired by Cetera Trust Company N.A

Cetera Trust Company N.A purchased a new position in shares of Clearfield, Inc. (NASDAQ:CLFD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,250 shares of the communications equipment provider’s stock, valued at approximately $124,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Clearfield by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,160,764 shares of the communications equipment provider’s stock worth $33,267,000 after acquiring an additional 10,370 shares during the period. Federated Hermes Inc. grew its position in Clearfield by 1,247.7% during the 4th quarter. Federated Hermes Inc. now owns 210,717 shares of the communications equipment provider’s stock worth $6,128,000 after acquiring an additional 195,082 shares during the last quarter. Smith Graham & Co. Investment Advisors LP bought a new stake in Clearfield during the 4th quarter worth $5,148,000. Bank of New York Mellon Corp grew its position in Clearfield by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 102,381 shares of the communications equipment provider’s stock worth $2,934,000 after acquiring an additional 819 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in Clearfield during the 3rd quarter worth $1,247,000. 88.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clearfield

In other Clearfield news, Chairman Ronald G. Roth bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $29.62 per share, for a total transaction of $59,240.00. Following the transaction, the chairman now directly owns 1,259,796 shares in the company, valued at $37,315,157.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 16.00% of the stock is owned by corporate insiders.

Clearfield Trading Up 2.9 %

Shares of CLFD opened at $29.11 on Tuesday. The company has a market capitalization of $428.21 million, a PE ratio of 35.50 and a beta of 1.32. Clearfield, Inc. has a 12 month low of $22.91 and a 12 month high of $50.82. The stock’s 50-day moving average price is $29.79 and its two-hundred day moving average price is $27.90.

Clearfield (NASDAQ:CLFD) last announced its earnings results on Thursday, February 1st. The communications equipment provider reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.05. Clearfield had a return on equity of 4.22% and a net margin of 6.00%. The company had revenue of $34.20 million for the quarter, compared to analyst estimates of $29.88 million. During the same quarter in the prior year, the company earned $1.00 EPS. The firm’s revenue for the quarter was down 60.2% compared to the same quarter last year. Equities research analysts predict that Clearfield, Inc. will post -1.03 EPS for the current fiscal year.

Analyst Ratings Changes

CLFD has been the topic of a number of research reports. Roth Mkm reduced their price objective on Clearfield from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, January 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Clearfield in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.20.

About Clearfield

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.