Clarus Co. (NASDAQ:CLAR) Short Interest Update

Clarus Co. (NASDAQ:CLAR) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,590,000 shares, an increase of 11.2% from the December 15th total of 1,430,000 shares. Based on an average daily volume of 219,600 shares, the short-interest ratio is presently 7.2 days. Approximately 5.5% of the shares of the stock are short sold.

Clarus Trading Up 0.9 %

Shares of NASDAQ CLAR traded up $0.04 during midday trading on Monday, hitting $4.61. The company’s stock had a trading volume of 97,564 shares, compared to its average volume of 183,162. The business’s 50 day moving average is $4.56 and its two-hundred day moving average is $4.71. Clarus has a 12-month low of $3.89 and a 12-month high of $7.55. The firm has a market cap of $176.84 million, a P/E ratio of 35.46 and a beta of 0.84.

Clarus (NASDAQ:CLAR) last released its earnings results 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 analysts’ expectations of $72.98 million. Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. On average, analysts predict that Clarus will post -0.06 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.10 dividend on an annualized basis and a yield of 2.17%. Clarus’s dividend payout ratio is currently 76.93%.

Insider Activity

In related news, Director Michael A. Henning sold 44,600 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $4.46, for a total transaction of $198,916.00. Following the sale, the director now owns 110,400 shares of the company’s stock, valued at $492,384. This represents a 28.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CLAR. Quantbot Technologies LP purchased a new position in Clarus during the third quarter valued at approximately $54,000. Legacy Capital Group California Inc. boosted its position in Clarus by 32.7% during the third quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company’s stock valued at $64,000 after purchasing an additional 3,521 shares in the last quarter. Quadrature Capital Ltd bought a new position in Clarus in the third quarter worth about $100,000. XTX Topco Ltd bought a new stake in shares of Clarus in the 3rd quarter valued at about $104,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Clarus in the 3rd quarter worth approximately $107,000. Institutional investors own 90.30% of the company’s stock.

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.