Insider Selling: Clarus Co. (NASDAQ:CLAR) Director Sells $198,916.00 in Stock

Clarus Co. (NASDAQ:CLAR) Director Michael A. Henning sold 44,600 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total value of $198,916.00. Following the sale, the director now owns 110,400 shares of the company’s stock, valued at $492,384. This trade represents a 28.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Clarus Stock Performance

CLAR stock opened at $4.48 on Monday. The company has a market capitalization of $171.86 million, a price-to-earnings ratio of 34.46 and a beta of 0.83. Clarus Co. has a fifty-two week low of $3.89 and a fifty-two week high of $7.55. The stock has a fifty day moving average of $4.41 and a 200-day moving average of $5.39.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $67.12 million for the quarter, compared to the consensus estimate of $72.98 million. Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. Equities analysts predict that Clarus Co. will post 0.02 EPS for the current year.

Clarus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.10 dividend on an annualized basis and a yield of 2.23%. Clarus’s dividend payout ratio (DPR) is 76.92%.

Institutional Trading of Clarus

A number of institutional investors have recently added to or reduced their stakes in CLAR. Quantbot Technologies LP purchased a new stake in Clarus during the 3rd quarter worth about $54,000. Legacy Capital Group California Inc. raised its holdings in shares of Clarus by 32.7% in the 3rd quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company’s stock valued at $64,000 after acquiring an additional 3,521 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Clarus in the 1st quarter valued at about $83,000. Quadrature Capital Ltd purchased a new stake in shares of Clarus in the 3rd quarter valued at about $100,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Clarus by 71.5% in the 1st quarter. BNP Paribas Financial Markets now owns 14,908 shares of the company’s stock valued at $101,000 after acquiring an additional 6,213 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CLAR. Roth Capital downgraded Clarus from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. Roth Mkm downgraded Clarus from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $7.50 to $6.00 in a report on Friday, August 2nd. StockNews.com downgraded Clarus from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Finally, B. Riley reduced their price objective on Clarus from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.67.

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.