Michael A. Henning Sells 44,600 Shares of Clarus Co. (NASDAQ:CLAR) Stock

Clarus Co. (NASDAQ:CLAR) Director Michael A. Henning sold 44,600 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total transaction of $198,916.00. Following the completion of the sale, the director now directly owns 110,400 shares in the company, valued at approximately $492,384. The trade was a 28.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Clarus Stock Up 4.2 %

NASDAQ:CLAR traded up $0.18 during midday trading on Friday, hitting $4.48. The company had a trading volume of 407,034 shares, compared to its average volume of 281,468. The stock’s fifty day moving average price is $4.40 and its 200-day moving average price is $5.41. Clarus Co. has a 52-week low of $3.89 and a 52-week high of $7.55. The company has a market capitalization of $171.85 million, a PE ratio of 34.46 and a beta of 0.83.

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 analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $67.12 million for the quarter, compared to analysts’ expectations of $72.98 million. Clarus had a net margin of 1.80% and a negative return on equity of 2.17%. As a group, research analysts forecast that Clarus Co. will post 0.02 earnings per share for the current year.

Clarus Announces Dividend

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 issued 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 payout ratio is 76.93%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CLAR. B. Riley lowered their target price on shares of Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Roth Capital cut Clarus from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. Roth Mkm cut Clarus from a “buy” rating to a “neutral” rating and lowered their price target for the company from $7.50 to $6.00 in a report on Friday, August 2nd. Finally, StockNews.com lowered Clarus from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.67.

Hedge Funds Weigh In On Clarus

Several institutional investors and hedge funds have recently made changes to their positions in CLAR. Legacy Capital Group California Inc. purchased a new position in Clarus in the 2nd quarter worth approximately $72,000. Quantbot Technologies LP purchased a new stake in Clarus during the 3rd quarter valued at $54,000. EntryPoint Capital LLC bought a new stake in Clarus in the 1st quarter worth $83,000. BNP Paribas Financial Markets increased its position in shares of Clarus by 71.5% in the first quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock valued at $101,000 after acquiring an additional 6,213 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Clarus by 30.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,530 shares of the company’s stock valued at $105,000 after acquiring an additional 3,658 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

Clarus Company 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.