Clearfield, Inc. (NASDAQ:CLFD) Shares Acquired by Swiss National Bank

Swiss National Bank raised its stake in shares of Clearfield, Inc. (NASDAQ:CLFD – Get Rating) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 28,300 shares of the communications equipment provider’s stock after purchasing an additional 500 shares during the period. Swiss National Bank’s holdings in Clearfield were worth $2,664,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of Clearfield by 54.4% during the third quarter. Tower Research Capital LLC TRC now owns 690 shares of the communications equipment provider’s stock valued at $72,000 after acquiring an additional 243 shares during the last quarter. Credit Suisse AG grew its holdings in shares of Clearfield by 3.2% in the second quarter. Credit Suisse AG now owns 8,134 shares of the communications equipment provider’s stock valued at $503,000 after purchasing an additional 256 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Clearfield by 6.0% in the second quarter. AQR Capital Management LLC now owns 4,959 shares of the communications equipment provider’s stock valued at $307,000 after purchasing an additional 281 shares in the last quarter. Navellier & Associates Inc. grew its holdings in shares of Clearfield by 1.2% in the fourth quarter. Navellier & Associates Inc. now owns 27,738 shares of the communications equipment provider’s stock valued at $2,611,000 after purchasing an additional 338 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Clearfield by 0.3% in the second quarter. Northern Trust Corp now owns 119,015 shares of the communications equipment provider’s stock valued at $7,373,000 after purchasing an additional 349 shares in the last quarter. 54.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CLFD. Lake Street Capital cut shares of Clearfield from a “buy” rating to a “hold” rating in a report on Friday, May 5th. TheStreet downgraded shares of Clearfield from a “b-” rating to a “c+” rating in a research note on Wednesday, March 29th. Needham & Company LLC decreased their price target on shares of Clearfield from $95.00 to $50.00 in a research note on Friday, May 5th. StockNews.com started coverage on shares of Clearfield in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Northland Securities decreased their price target on shares of Clearfield from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $98.83.

Clearfield Stock Up 1.2 %

Shares of NASDAQ:CLFD opened at $37.38 on Wednesday. The company has a market capitalization of $570.19 million, a PE ratio of 9.81 and a beta of 1.30. The company has a current ratio of 7.51, a quick ratio of 5.00 and a debt-to-equity ratio of 0.01. Clearfield, Inc. has a twelve month low of $30.00 and a twelve month high of $134.90. The firm has a 50 day simple moving average of $42.75 and a 200-day simple moving average of $70.23.

Clearfield Profile

(Get Rating)

Clearfield, Inc engages in the design, manufacture, and distribution of fiber protection. It operates through the Clearfield and Nestor Cable segment. The Clearfield segment involves the design, manufacture, and selling of fiber management, protection, and delivery solutions. The Nestor Cables segment includes designs, manufacture, and selling fiber management, protection, and delivery solutions.