Short Interest in Clarus Corp (NASDAQ:CLAR) Expands By 7.4%
Clarus Corp (NASDAQ:CLAR) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 841,000 shares, an increase of 7.4% from the June 30th total of 783,200 shares. Based on an average trading volume of 173,800 shares, the short-interest ratio is currently 4.8 days. Currently, 3.9% of the shares of the company are sold short.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Clarus from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. BidaskClub upgraded shares of Clarus from a “sell” rating to a “hold” rating in a research note on Saturday, June 15th. Macquarie assumed coverage on shares of Clarus in a research note on Friday, July 12th. They issued an “outperform” rating and a $20.00 price objective on the stock. Roth Capital restated a “neutral” rating and issued a $14.00 price objective on shares of Clarus in a research note on Tuesday, August 6th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Clarus from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Clarus has an average rating of “Hold” and a consensus price target of $16.25.
CLAR traded down $0.12 during trading on Wednesday, reaching $11.12. 5,031 shares of the company’s stock were exchanged, compared to its average volume of 160,398. Clarus has a fifty-two week low of $8.56 and a fifty-two week high of $15.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.96 and a quick ratio of 1.39. The firm has a 50 day moving average of $13.78. The company has a market cap of $328.80 million, a P/E ratio of 19.58, a P/E/G ratio of 1.59 and a beta of 1.27.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be paid a $0.025 dividend. The ex-dividend date is Friday, August 2nd. This represents a $0.10 annualized dividend and a dividend yield of 0.90%. Clarus’s dividend payout ratio is presently 17.54%.
Several large investors have recently modified their holdings of CLAR. Cortina Asset Management LLC acquired a new stake in shares of Clarus in the 2nd quarter valued at $5,351,000. RK Capital Management LLC acquired a new stake in shares of Clarus in the 2nd quarter valued at $3,399,000. BlackRock Inc. boosted its stake in shares of Clarus by 21.1% in the 2nd quarter. BlackRock Inc. now owns 1,337,492 shares of the company’s stock valued at $19,313,000 after purchasing an additional 233,342 shares in the last quarter. Angeles Investment Advisors LLC acquired a new stake in shares of Clarus in the 1st quarter valued at $1,409,000. Finally, Nicholas Investment Partners LP boosted its stake in shares of Clarus by 36.2% in the 2nd quarter. Nicholas Investment Partners LP now owns 320,434 shares of the company’s stock valued at $4,627,000 after purchasing an additional 85,230 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.
Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.
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