Brandywine Global Investment Management LLC lessened its holdings in Clarus Corp (NASDAQ:BDE) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,326 shares of the company’s stock after selling 64 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Clarus Corp were worth $109,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Northern Trust Corp lifted its position in Clarus Corp by 271.7% during the second quarter. Northern Trust Corp now owns 243,149 shares of the company’s stock worth $1,617,000 after purchasing an additional 177,736 shares during the period. Citigroup Inc. lifted its position in Clarus Corp by 7,684.5% during the second quarter. Citigroup Inc. now owns 65,312 shares of the company’s stock worth $434,000 after purchasing an additional 64,473 shares during the period. Nationwide Fund Advisors lifted its position in Clarus Corp by 34.5% during the second quarter. Nationwide Fund Advisors now owns 43,594 shares of the company’s stock worth $290,000 after purchasing an additional 11,184 shares during the period. Ameriprise Financial Inc. bought a new stake in Clarus Corp during the second quarter worth about $146,000. Finally, TIAA CREF Investment Management LLC bought a new stake in Clarus Corp during the second quarter worth about $363,000. 44.73% of the stock is owned by institutional investors.
Shares of Clarus Corp (NASDAQ:BDE) opened at 6.65 on Friday. Clarus Corp has a 52-week low of $4.75 and a 52-week high of $7.95. The firm’s 50-day moving average is $7.30 and its 200-day moving average is $6.44.
Clarus Corp (NASDAQ:BDE) last announced its quarterly earnings results on Monday, August 7th. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.08). The company had revenue of $30.70 million during the quarter, compared to analysts’ expectations of $30.63 million. Clarus Corp had a negative return on equity of 9.29% and a negative net margin of 11.91%. Clarus Corp’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned ($0.08) earnings per share. On average, equities research analysts anticipate that Clarus Corp will post $0.07 earnings per share for the current year.
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A number of research analysts have recently commented on the stock. Roth Capital set a $7.00 target price on shares of Clarus Corp and gave the stock a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Clarus Corp from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a report on Tuesday, July 25th. Finally, Stifel Nicolaus raised shares of Clarus Corp from a “hold” rating to a “buy” rating and increased their target price for the stock from $6.00 to $8.00 in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.42.
About Clarus Corp
Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.
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