21,000 Shares in Clarus Co. (NASDAQ:CLAR) Purchased by Lepercq Multi Asset Fund

Lepercq Multi Asset Fund acquired a new position in Clarus Co. (NASDAQ:CLAR) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 21,000 shares of the company’s stock, valued at approximately $95,000. Clarus accounts for 0.1% of Lepercq Multi Asset Fund’s investment portfolio, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Clarus by 393.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 66,675 shares of the company’s stock worth $300,000 after acquiring an additional 53,150 shares in the last quarter. XTX Topco Ltd bought a new position in Clarus in the 3rd quarter worth about $104,000. Empowered Funds LLC grew its stake in Clarus by 5.1% in the 4th quarter. Empowered Funds LLC now owns 100,168 shares of the company’s stock worth $452,000 after acquiring an additional 4,880 shares in the last quarter. Barclays PLC grew its stake in Clarus by 263.4% in the 3rd quarter. Barclays PLC now owns 40,478 shares of the company’s stock worth $183,000 after acquiring an additional 29,340 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Clarus by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 708,201 shares of the company’s stock worth $3,187,000 after acquiring an additional 14,489 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Clarus Stock Performance

NASDAQ CLAR opened at $4.43 on Friday. The firm’s 50 day moving average price is $4.66 and its 200-day moving average price is $4.53. Clarus Co. has a 52-week low of $3.89 and a 52-week high of $7.55. The company has a market cap of $169.94 million, a PE ratio of 34.08 and a beta of 0.82.

Clarus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.025 per share. The ex-dividend date is Monday, March 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.26%. Clarus’s dividend payout ratio is presently -7.35%.

Wall Street Analyst Weigh In

Separately, Lake Street Capital dropped their target price on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

About Clarus

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.