ArrowMark Colorado Holdings LLC Sells 874,469 Shares of Clarus Co. (NASDAQ:CLAR)

ArrowMark Colorado Holdings LLC decreased its holdings in shares of Clarus Co. (NASDAQ:CLAR) by 38.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,420,596 shares of the company’s stock after selling 874,469 shares during the period. ArrowMark Colorado Holdings LLC owned 3.70% of Clarus worth $6,393,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Rhumbline Advisers grew its stake in shares of Clarus by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 45,658 shares of the company’s stock worth $307,000 after buying an additional 2,545 shares during the last quarter. Legacy Capital Group California Inc. grew its stake in shares of Clarus by 32.7% in the third quarter. Legacy Capital Group California Inc. now owns 14,281 shares of the company’s stock worth $64,000 after acquiring an additional 3,521 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Clarus by 5.3% in the third quarter. Empowered Funds LLC now owns 95,288 shares of the company’s stock worth $429,000 after acquiring an additional 4,824 shares during the last quarter. Old West Investment Management LLC increased its holdings in shares of Clarus by 8.2% during the second quarter. Old West Investment Management LLC now owns 115,652 shares of the company’s stock valued at $778,000 after acquiring an additional 8,800 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Clarus by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 285,128 shares of the company’s stock worth $1,919,000 after purchasing an additional 9,175 shares during the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Clarus news, Chairman Warren B. Kanders bought 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average cost of $4.05 per share, for a total transaction of $121,500.00. Following the completion of the transaction, the chairman now owns 4,075,527 shares of the company’s stock, valued at $16,505,884.35. This represents a 0.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Henning sold 44,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $4.46, for a total transaction of $198,916.00. Following the sale, the director now directly owns 110,400 shares of the company’s stock, valued at approximately $492,384. This represents a 28.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 20.40% of the company’s stock.

Clarus Stock Performance

NASDAQ CLAR opened at $4.59 on Tuesday. Clarus Co. has a one year low of $3.89 and a one year high of $7.55. The stock has a 50-day moving average of $4.41 and a 200 day moving average of $5.20. The company has a market capitalization of $176.07 million, a price-to-earnings ratio of 35.31 and a beta of 0.85.

Clarus (NASDAQ:CLAR) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. The company had revenue of $67.12 million during the quarter, compared to the consensus estimate of $72.98 million. On average, equities analysts predict that Clarus Co. will post -0.06 earnings per share for the current fiscal year.

Clarus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, November 18th. This represents a $0.10 dividend on an annualized basis and a yield of 2.18%. Clarus’s dividend payout ratio is presently 76.93%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CLAR shares. StockNews.com downgraded shares of Clarus from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. B. Riley cut their price target on shares of Clarus from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.67.

Clarus 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.