Old West Investment Management LLC Has $562,000 Position in Clarus Co. (NASDAQ:CLAR)

Old West Investment Management LLC raised its holdings in Clarus Co. (NASDAQ:CLAR) by 8.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,884 shares of the company’s stock after acquiring an additional 9,232 shares during the quarter. Old West Investment Management LLC’s holdings in Clarus were worth $562,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Clarus by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 708,201 shares of the company’s stock worth $3,187,000 after acquiring an additional 14,489 shares in the last quarter. Barclays PLC lifted its holdings in Clarus by 263.4% in the 3rd quarter. Barclays PLC now owns 40,478 shares of the company’s stock worth $183,000 after purchasing an additional 29,340 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Clarus during the third quarter worth approximately $107,000. XTX Topco Ltd acquired a new position in Clarus during the third quarter valued at approximately $104,000. Finally, State Street Corp raised its position in shares of Clarus by 0.7% in the third quarter. State Street Corp now owns 566,027 shares of the company’s stock valued at $2,547,000 after purchasing an additional 3,789 shares during the period. 90.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael A. Henning sold 44,600 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $4.46, for a total transaction of $198,916.00. Following the transaction, the director now owns 110,400 shares in the company, valued at approximately $492,384. The trade was a 28.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 20.40% of the company’s stock.

Clarus Trading Down 5.6 %

Shares of Clarus stock opened at $4.89 on Wednesday. Clarus Co. has a 1-year low of $3.89 and a 1-year high of $7.55. The firm has a fifty day simple moving average of $4.43 and a 200-day simple moving average of $5.13. The stock has a market capitalization of $187.58 million, a price-to-earnings ratio of 37.62 and a beta of 0.85.

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

Clarus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Monday, November 18th. Clarus’s dividend payout ratio (DPR) is currently 76.93%.

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.