Jump Financial LLC Takes Position in Clear Secure, Inc. (NYSE:YOU)

Jump Financial LLC acquired a new stake in Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, Holdings Channel.com reports. The firm acquired 62,940 shares of the company’s stock, valued at approximately $1,677,000.

Several other hedge funds also recently bought and sold shares of YOU. GAMMA Investing LLC raised its holdings in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 771 shares in the last quarter. Huntington National Bank bought a new position in shares of Clear Secure in the fourth quarter worth approximately $35,000. SRS Capital Advisors Inc. raised its stake in Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after purchasing an additional 766 shares in the last quarter. Harbour Investments Inc. lifted its position in Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock valued at $64,000 after purchasing an additional 450 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Clear Secure during the fourth quarter valued at approximately $83,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Stock Up 1.8 %

Shares of NYSE:YOU opened at $26.74 on Friday. The stock has a market cap of $3.66 billion, a PE ratio of 31.09 and a beta of 1.25. The company’s fifty day moving average is $25.16 and its 200 day moving average is $27.31. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.87%. Clear Secure’s dividend payout ratio is currently 32.47%.

Clear Secure Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.