Clarus Co. (NASDAQ:CLAR) Short Interest Update

Clarus Co. (NASDAQ:CLAR – Get Rating) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,770,000 shares, an increase of 7.1% from the February 13th total of 3,520,000 shares. Currently, 15.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 387,800 shares, the short-interest ratio is presently 9.7 days.

Analyst Ratings Changes

CLAR has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Clarus to a “sell” rating in a research report on Monday, March 6th. Lake Street Capital lowered their target price on shares of Clarus from $22.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ensign Peak Advisors Inc bought a new position in shares of Clarus during the 3rd quarter valued at approximately $32,000. Lazard Asset Management LLC boosted its position in shares of Clarus by 784.6% during the 2nd quarter. Lazard Asset Management LLC now owns 4,308 shares of the company’s stock valued at $81,000 after acquiring an additional 3,821 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of Clarus during the 4th quarter valued at approximately $90,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Clarus by 112.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,296 shares of the company’s stock valued at $98,000 after acquiring an additional 3,855 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in Clarus by 21.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,920 shares of the company’s stock valued at $112,000 after buying an additional 857 shares during the period. 90.53% of the stock is currently owned by institutional investors.

Clarus Trading Down 2.8 %

Shares of NASDAQ:CLAR opened at $9.33 on Thursday. The stock has a 50 day moving average of $9.60 and a 200 day moving average of $10.46. The company has a market cap of $345.86 million, a PE ratio of -4.88, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. The company has a current ratio of 3.69, a quick ratio of 1.42 and a debt-to-equity ratio of 0.44. Clarus has a 12-month low of $6.86 and a 12-month high of $29.32.

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Tuesday, March 7th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Monday, March 6th. This represents a $0.10 annualized dividend and a yield of 1.07%. Clarus’s payout ratio is -5.24%.

Clarus Company Profile

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Clarus Corp engages in development, manufacture, and distribution of outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories. It operates through the following segments: Outdoor, Precision Sport, and Adventure. The Outdoor segment manufactures outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a wide range of other year-round outdoor recreation activities.