ClearOne, Inc. (CLRO) Major Shareholder Edward D. Bagley Buys 10,000 Shares
ClearOne, Inc. (NASDAQ:CLRO) major shareholder Edward D. Bagley purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $7.68 per share, with a total value of $76,800.00. Following the completion of the purchase, the insider now owns 1,870,914 shares in the company, valued at $14,368,619.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of ClearOne, Inc. (NASDAQ:CLRO) remained flat at $7.70 on Monday. The stock had a trading volume of 29,378 shares. The firm’s market capitalization is $65.84 million. ClearOne, Inc. has a one year low of $7.20 and a one year high of $12.60. The firm’s 50-day moving average price is $9.26 and its 200-day moving average price is $10.15.
ClearOne (NASDAQ:CLRO) last issued its earnings results on Wednesday, August 9th. The communications equipment provider reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.07. The firm had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $12.01 million. ClearOne had a negative net margin of 2.56% and a positive return on equity of 1.83%. Equities analysts anticipate that ClearOne, Inc. will post $0.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Tuesday, August 22nd will be given a $0.07 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.28 dividend on an annualized basis and a yield of 3.64%. ClearOne’s dividend payout ratio is currently -215.38%.
Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of ClearOne from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. B. Riley reiterated a “buy” rating and issued a $12.50 price target on shares of ClearOne in a research note on Tuesday, May 16th.
A hedge fund recently bought a new stake in ClearOne stock. Hancock Holding Co. bought a new position in shares of ClearOne, Inc. (NASDAQ:CLRO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,704 shares of the communications equipment provider’s stock, valued at approximately $166,000. Hancock Holding Co. owned approximately 0.19% of ClearOne at the end of the most recent quarter. 19.65% of the stock is currently owned by institutional investors.
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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