E Bryan Bagley Buys 45,448 Shares of ClearOne, Inc. (CLRO) Stock
ClearOne, Inc. (NASDAQ:CLRO) major shareholder E Bryan Bagley purchased 45,448 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $6.79 per share, for a total transaction of $308,591.92. Following the purchase, the insider now owns 38,602 shares in the company, valued at $262,107.58. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of ClearOne, Inc. (CLRO) traded down $0.05 during trading on Thursday, reaching $6.80. The company had a trading volume of 45,807 shares, compared to its average volume of 9,888. The firm has a market cap of $60.98, a P/E ratio of 44.57 and a beta of 1.36. ClearOne, Inc. has a twelve month low of $6.75 and a twelve month high of $12.60.
ClearOne (NASDAQ:CLRO) last issued its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.07). The business had revenue of $10.31 million for the quarter, compared to analyst estimates of $12.01 million. ClearOne had a positive return on equity of 1.83% and a negative net margin of 2.56%. equities analysts forecast that ClearOne, Inc. will post 0.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 4.12%. The ex-dividend date is Tuesday, November 21st. ClearOne’s payout ratio is presently -215.38%.
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CLRO has been the topic of several research analyst reports. B. Riley reaffirmed a “buy” rating and set a $8.50 price objective on shares of ClearOne in a research note on Thursday. ValuEngine raised ClearOne from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
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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