Clarus (CLAR) Cut to “Hold” at Zacks Investment Research
Zacks Investment Research downgraded shares of Clarus (NASDAQ:CLAR) from a strong-buy rating to a hold rating in a research note released on Tuesday.
According to Zacks, “Clarus Corporation engages in design, manufacture and marketing of outdoor equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its brands include Black Diamond and PIEPS. Black Diamond Equipment is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. PIEPS is a designer and marketer of avalanche beacons and snow safety products. Clarus Corporation, formerly known as Black Diamond Inc., is headquartered in Salt Lake City, UT. “
Separately, Stifel Nicolaus upped their price objective on shares of Clarus from $8.00 to $9.00 and gave the company a buy rating in a research report on Tuesday, November 7th.
In other news, insider Aaron Kuehne acquired 5,923 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was bought at an average cost of $7.21 per share, with a total value of $42,704.83. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nicolas Sokolow acquired 5,076 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $7.26 per share, with a total value of $36,851.76. The disclosure for this purchase can be found here. Corporate insiders own 33.60% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Stifel Financial Corp raised its stake in shares of Clarus by 2.0% in the 2nd quarter. Stifel Financial Corp now owns 20,898 shares of the company’s stock valued at $139,000 after purchasing an additional 400 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Clarus in the 2nd quarter valued at about $146,000. Rhumbline Advisers acquired a new stake in shares of Clarus in the 2nd quarter valued at about $175,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Clarus in the 2nd quarter valued at about $232,000. Finally, Teachers Advisors LLC acquired a new stake in shares of Clarus in the 2nd quarter valued at about $240,000. 50.47% of the stock is owned by institutional investors.
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Clarus Company Profile
Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.
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