477,329 Shares in Clarus Co. (NASDAQ:CLAR) Purchased by Peapod Lane Capital LLC

Peapod Lane Capital LLC bought a new stake in Clarus Co. (NASDAQ:CLAR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 477,329 shares of the company’s stock, valued at approximately $2,153,000. Clarus makes up approximately 2.1% of Peapod Lane Capital LLC’s holdings, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Builder Investment Group Inc. ADV increased its stake in Clarus by 97.6% in the 3rd quarter. Builder Investment Group Inc. ADV now owns 254,280 shares of the company’s stock valued at $1,144,000 after purchasing an additional 125,573 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Clarus during the 3rd quarter worth $420,000. JPMorgan Chase & Co. boosted its position in shares of Clarus by 393.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 66,675 shares of the company’s stock worth $300,000 after buying an additional 53,150 shares in the last quarter. Stifel Financial Corp grew its stake in Clarus by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 299,229 shares of the company’s stock valued at $1,347,000 after acquiring an additional 36,517 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Clarus during the 3rd quarter valued at about $153,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Clarus Price Performance

Shares of NASDAQ CLAR opened at $4.74 on Thursday. The firm’s 50-day moving average is $4.68 and its two-hundred day moving average is $4.55. The company has a market capitalization of $181.83 million, a PE ratio of 36.46 and a beta of 0.84. Clarus Co. has a 12-month low of $3.89 and a 12-month high of $7.55.

Clarus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Monday, November 18th. Clarus’s dividend payout ratio (DPR) is presently 76.93%.

Clarus Company 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.