Clear Secure (NYSE:YOU) Shares Up 6.1% After Dividend Announcement

Shares of Clear Secure, Inc. (NYSE:YOU) traded up 6.1% on Friday after the company announced a dividend. The stock traded as high as $23.82 and last traded at $23.75. 780,744 shares were traded during trading, a decline of 51% from the average session volume of 1,580,889 shares. The stock had previously closed at $22.39.

The newly announced dividend which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.12%. Clear Secure’s dividend payout ratio (DPR) is 58.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Monday, December 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a research report on Friday. Wedbush reiterated a “neutral” rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Finally, Stifel Nicolaus increased their price target on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Clear Secure currently has an average rating of “Moderate Buy” and an average target price of $35.20.

Clear Secure Trading Up 5.3 %

The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 27.42 and a beta of 1.38. The stock’s 50 day moving average is $25.12 and its two-hundred day moving average is $28.48.

Institutional Trading of Clear Secure

Several hedge funds have recently made changes to their positions in YOU. Capital Performance Advisors LLP acquired a new stake in shares of Clear Secure in the 3rd quarter worth $26,000. GAMMA Investing LLC lifted its stake in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 771 shares during the period. Huntington National Bank acquired a new stake in shares of Clear Secure in the 4th quarter worth $35,000. SRS Capital Advisors Inc. lifted its stake in shares of Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after acquiring an additional 766 shares during the period. Finally, Strategic Investment Solutions Inc. IL lifted its stake in shares of Clear Secure by 113,800.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock worth $61,000 after acquiring an additional 2,276 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.