Promus Capital LLC Buys Shares of 5,345 Clear Secure, Inc. (NYSE:YOU)

Promus Capital LLC bought a new stake in Clear Secure, Inc. (NYSE:YOU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,345 shares of the company’s stock, valued at approximately $142,000.

A number of other institutional investors also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund raised its position in shares of Clear Secure by 2.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the company’s stock valued at $590,000 after purchasing an additional 461 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after acquiring an additional 766 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Clear Secure during the 3rd quarter valued at approximately $26,000. GAMMA Investing LLC raised its position in shares of Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 771 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Clear Secure by 1.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 45,400 shares of the company’s stock valued at $1,209,000 after acquiring an additional 800 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

YOU has been the topic of several research reports. Telsey Advisory Group reissued an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Wedbush reissued a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Stifel Nicolaus dropped their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Clear Secure currently has an average rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Price Performance

Shares of YOU opened at $25.06 on Thursday. The company has a market cap of $3.49 billion, a P/E ratio of 29.14 and a beta of 1.38. The stock has a fifty day moving average price of $24.67 and a 200 day moving average price of $28.35. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.00%. Clear Secure’s payout ratio is currently 32.47%.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.