Teachers Advisors LLC Takes Position in Black Diamond, Inc. (CLAR)

Teachers Advisors LLC acquired a new stake in Black Diamond, Inc. (NASDAQ:CLAR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,107 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors have also recently bought and sold shares of the company. Boston Partners lifted its position in shares of Black Diamond by 13.5% during the second quarter. Boston Partners now owns 192,200 shares of the company’s stock worth $1,278,000 after acquiring an additional 22,800 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in shares of Black Diamond by 53.3% during the second quarter. Essex Investment Management Co. LLC now owns 255,533 shares of the company’s stock worth $1,699,000 after acquiring an additional 88,821 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Black Diamond by 189.3% during the second quarter. Bank of New York Mellon Corp now owns 81,214 shares of the company’s stock worth $540,000 after acquiring an additional 53,137 shares in the last quarter. Marquette Asset Management Inc. lifted its position in shares of Black Diamond by 9.5% during the second quarter. Marquette Asset Management Inc. now owns 25,124 shares of the company’s stock worth $167,000 after acquiring an additional 2,176 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of Black Diamond during the second quarter worth $175,000. Institutional investors and hedge funds own 49.21% of the company’s stock.

In other Black Diamond news, Director Nicolas Sokolow acquired 5,076 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $7.26 per share, for a total transaction of $36,851.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Aaron Kuehne acquired 5,923 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average price of $7.21 per share, for a total transaction of $42,704.83. The disclosure for this purchase can be found here. Insiders purchased 55,624 shares of company stock worth $382,460 in the last quarter. 33.60% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on CLAR shares. Zacks Investment Research upgraded Black Diamond from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research report on Friday, October 20th. Stifel Nicolaus upgraded Black Diamond from a “hold” rating to a “buy” rating and increased their target price for the stock from $6.00 to $8.00 in a research report on Wednesday, August 2nd. Finally, Roth Capital set a $7.00 target price on Black Diamond and gave the stock a “hold” rating in a research report on Wednesday, August 23rd.

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Shares of Black Diamond, Inc. (CLAR) opened at $7.60 on Tuesday. The company has a current ratio of 4.53, a quick ratio of 1.68 and a debt-to-equity ratio of 0.18. Black Diamond, Inc. has a 12-month low of $5.00 and a 12-month high of $7.95.

Black Diamond Profile

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.

Institutional Ownership by Quarter for Black Diamond (NASDAQ:CLAR)

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