Segall Bryant & Hamill LLC Has $7.67 Million Position in Clearfield, Inc. (NASDAQ:CLFD)

Segall Bryant & Hamill LLC cut its position in Clearfield, Inc. (NASDAQ:CLFD) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 247,297 shares of the communications equipment provider’s stock after selling 1,790 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Clearfield were worth $7,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLFD. Quantbot Technologies LP acquired a new stake in Clearfield during the 3rd quarter worth $53,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Clearfield during the fourth quarter worth about $74,000. Truvestments Capital LLC bought a new position in shares of Clearfield during the 3rd quarter valued at about $80,000. SG Americas Securities LLC grew its position in shares of Clearfield by 45.5% in the 4th quarter. SG Americas Securities LLC now owns 5,297 shares of the communications equipment provider’s stock valued at $164,000 after purchasing an additional 1,656 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in Clearfield during the 4th quarter worth approximately $233,000. 88.73% of the stock is owned by institutional investors.

Clearfield Price Performance

NASDAQ CLFD opened at $31.27 on Thursday. The firm’s 50 day moving average is $33.49 and its 200-day moving average is $34.17. The company has a quick ratio of 7.41, a current ratio of 10.57 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $441.91 million, a PE ratio of -49.63 and a beta of 1.26. Clearfield, Inc. has a 12-month low of $26.94 and a 12-month high of $44.83.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.13. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.31%. Equities research analysts anticipate that Clearfield, Inc. will post -0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Clearfield from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Clearfield in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.75.

Insiders Place Their Bets

In related news, COO John P. Hill sold 16,539 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $33.26, for a total transaction of $550,087.14. Following the transaction, the chief operating officer now directly owns 189,886 shares of the company’s stock, valued at approximately $6,315,608.36. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.80% of the company’s stock.

Clearfield Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.