ClearOne, Inc. (CLRO) Major Shareholder Purchases $114,750.00 in Stock
ClearOne, Inc. (NASDAQ:CLRO) major shareholder Edward D. Bagley bought 15,000 shares of ClearOne stock in a transaction dated Thursday, August 24th. The shares were bought at an average cost of $7.65 per share, with a total value of $114,750.00. Following the completion of the acquisition, the insider now owns 1,900,518 shares of the company’s stock, valued at $14,538,962.70. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of ClearOne, Inc. (NASDAQ:CLRO) opened at 7.70 on Friday. The stock’s 50 day moving average price is $9.02 and its 200 day moving average price is $9.98. ClearOne, Inc. has a one year low of $7.20 and a one year high of $12.60. The stock’s market capitalization is $65.84 million.
ClearOne (NASDAQ:CLRO) last released its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.07. The company had revenue of $10.31 million for the quarter, compared to the consensus estimate of $12.01 million. ClearOne had a positive return on equity of 1.83% and a negative net margin of 2.56%. On average, analysts forecast that ClearOne, Inc. will post $0.12 EPS for the current year.
The firm also recently declared 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 of this dividend is Friday, August 18th. This represents a $0.28 annualized dividend and a yield of 3.64%. ClearOne’s payout ratio is -215.38%.
An institutional investor recently raised its position in ClearOne stock. Wellington Management Group LLP raised its stake in shares of ClearOne, Inc. (NASDAQ:CLRO) by 0.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 900,276 shares of the communications equipment provider’s stock after buying an additional 7,320 shares during the period. Wellington Management Group LLP owned 10.29% of ClearOne worth $8,913,000 at the end of the most recent quarter. 19.65% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on CLRO shares. B. Riley reaffirmed a “buy” rating and set a $9.75 target price on shares of ClearOne in a report on Thursday, August 10th. Zacks Investment Research raised ClearOne from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.
ClearOne Company Profile
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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