Old West Investment Management LLC Sells 14,647 Shares of Clarus Co. (NASDAQ:CLAR)

Old West Investment Management LLC decreased its stake in Clarus Co. (NASDAQ:CLAR) by 11.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 110,237 shares of the company’s stock after selling 14,647 shares during the quarter. Old West Investment Management LLC’s holdings in Clarus were worth $497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CLAR. Wells Fargo & Company MN lifted its stake in shares of Clarus by 26.6% in the 4th quarter. Wells Fargo & Company MN now owns 18,119 shares of the company’s stock valued at $82,000 after acquiring an additional 3,810 shares during the last quarter. Geode Capital Management LLC raised its position in Clarus by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 714,376 shares of the company’s stock valued at $3,222,000 after purchasing an additional 6,175 shares during the last quarter. Cove Street Capital LLC boosted its stake in shares of Clarus by 182.4% during the fourth quarter. Cove Street Capital LLC now owns 297,431 shares of the company’s stock valued at $1,341,000 after purchasing an additional 192,099 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Clarus by 20.1% during the fourth quarter. JPMorgan Chase & Co. now owns 80,090 shares of the company’s stock worth $361,000 after purchasing an additional 13,415 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Clarus by 58.4% in the fourth quarter. LPL Financial LLC now owns 29,724 shares of the company’s stock valued at $134,000 after buying an additional 10,955 shares during the period. Institutional investors own 90.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CLAR. Lake Street Capital cut their target price on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. B. Riley cut their target price on Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.33.

Clarus Stock Up 0.6 %

CLAR stock opened at $3.61 on Friday. The firm has a market cap of $138.49 million, a price-to-earnings ratio of 27.77 and a beta of 0.85. The company’s fifty day simple moving average is $4.39 and its 200 day simple moving average is $4.47. Clarus Co. has a 12-month low of $3.37 and a 12-month high of $7.55.

Clarus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 17th were given a dividend of $0.025 per share. The ex-dividend date was Monday, March 17th. This represents a $0.10 annualized dividend and a dividend yield of 2.77%. Clarus’s payout ratio is -7.35%.

Clarus Company Profile

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.