Clearfield, Inc. (NASDAQ:CLFD) COO Sells $550,087.14 in Stock

Clearfield, Inc. (NASDAQ:CLFD) COO John P. Hill sold 16,539 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $33.26, for a total transaction of $550,087.14. Following the transaction, the chief operating officer now directly owns 189,886 shares of the company’s stock, valued at $6,315,608.36. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Clearfield Stock Down 1.2 %

CLFD opened at $32.59 on Friday. Clearfield, Inc. has a 12 month low of $27.06 and a 12 month high of $44.83. The company has a current ratio of 9.43, a quick ratio of 6.69 and a debt-to-equity ratio of 0.01. The company has a market cap of $460.56 million, a PE ratio of -51.73 and a beta of 1.28. The company has a 50 day moving average of $34.37 and a 200 day moving average of $35.68.

Clearfield (NASDAQ:CLFD) last posted its earnings results on Thursday, February 6th. The communications equipment provider reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.13. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.29%. On average, sell-side analysts expect that Clearfield, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

CLFD has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Clearfield in a report on Friday, February 7th. StockNews.com raised shares of Clearfield from a “sell” rating to a “hold” rating in a report on Monday, February 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Institutional Trading of Clearfield

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Clearfield by 340.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,172 shares of the communications equipment provider’s stock worth $36,000 after purchasing an additional 906 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Clearfield in the 3rd quarter worth approximately $53,000. Truvestments Capital LLC purchased a new stake in Clearfield in the 3rd quarter worth approximately $80,000. KLP Kapitalforvaltning AS purchased a new stake in Clearfield in the 4th quarter worth approximately $74,000. Finally, SG Americas Securities LLC lifted its stake in Clearfield by 8.3% in the 3rd quarter. SG Americas Securities LLC now owns 3,641 shares of the communications equipment provider’s stock worth $142,000 after purchasing an additional 279 shares in the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

About Clearfield

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.