Proficio Capital Partners LLC Has $311,000 Stock Position in Clarus Co. (NASDAQ:CLAR)

Proficio Capital Partners LLC boosted its position in Clarus Co. (NASDAQ:CLAR) by 102.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,943 shares of the company’s stock after buying an additional 34,960 shares during the quarter. Proficio Capital Partners LLC’s holdings in Clarus were worth $311,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its position in shares of Clarus by 46.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 30,371 shares of the company’s stock valued at $137,000 after purchasing an additional 9,677 shares during the last quarter. Bank of New York Mellon Corp increased its position in Clarus by 43.0% in the 4th quarter. Bank of New York Mellon Corp now owns 372,936 shares of the company’s stock worth $1,682,000 after buying an additional 112,099 shares during the period. Legacy Capital Group California Inc. increased its position in Clarus by 40.3% in the 4th quarter. Legacy Capital Group California Inc. now owns 20,030 shares of the company’s stock worth $90,000 after buying an additional 5,749 shares during the period. Peapod Lane Capital LLC acquired a new position in shares of Clarus during the fourth quarter worth approximately $2,153,000. Finally, Empowered Funds LLC lifted its holdings in shares of Clarus by 5.1% during the fourth quarter. Empowered Funds LLC now owns 100,168 shares of the company’s stock worth $452,000 after buying an additional 4,880 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

Analyst Upgrades and Downgrades

CLAR has been the topic of a number of research reports. Lake Street Capital dropped their target price on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. B. Riley dropped their price objective on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Clarus has a consensus rating of “Hold” and an average price target of $5.33.

Clarus Price Performance

Shares of CLAR stock opened at $3.96 on Wednesday. The stock has a market cap of $151.91 million, a P/E ratio of 30.46 and a beta of 0.82. The stock has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.51. Clarus Co. has a one year low of $3.86 and a one year high of $7.55.

Clarus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, March 17th. Clarus’s payout ratio is -7.35%.

Clarus 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.