Argent Capital Management LLC cut its holdings in Clarus Corp (NASDAQ:CLAR) by 11.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 256,850 shares of the company’s stock after selling 31,600 shares during the period. Argent Capital Management LLC owned approximately 0.86% of Clarus worth $3,290,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its holdings in Clarus by 12.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,014 shares of the company’s stock valued at $166,000 after acquiring an additional 1,414 shares during the period. Handelsbanken Fonder AB bought a new position in shares of Clarus in the first quarter worth about $640,000. Baker Ellis Asset Management LLC raised its stake in shares of Clarus by 168.6% in the first quarter. Baker Ellis Asset Management LLC now owns 27,400 shares of the company’s stock worth $351,000 after buying an additional 17,200 shares during the period. Angeles Investment Advisors LLC bought a new position in shares of Clarus in the first quarter worth about $1,409,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Clarus by 43.5% in the first quarter. Assenagon Asset Management S.A. now owns 266,202 shares of the company’s stock worth $3,410,000 after buying an additional 80,694 shares during the period. Institutional investors and hedge funds own 60.30% of the company’s stock.
CLAR has been the topic of several recent research reports. Zacks Investment Research downgraded Clarus from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Lake Street Capital lifted their target price on Clarus to $15.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, BidaskClub raised Clarus from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $12.75.
NASDAQ:CLAR traded down $0.03 during midday trading on Wednesday, hitting $13.90. 170,701 shares of the company traded hands, compared to its average volume of 143,599. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.25 and a quick ratio of 2.22. The firm has a fifty day moving average price of $13.45. Clarus Corp has a 12-month low of $7.85 and a 12-month high of $14.90. The stock has a market cap of $416.37 million, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.00 and a beta of 1.30.
Clarus (NASDAQ:CLAR) last released its earnings results on Monday, May 6th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. Clarus had a return on equity of 11.92% and a net margin of 4.85%. The business had revenue of $61.22 million for the quarter, compared to analyst estimates of $58.13 million. On average, analysts anticipate that Clarus Corp will post 0.69 earnings per share for the current fiscal year.
Clarus Company Profile
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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