In May 13, 2023, Skylands Capital LLC made its most recent filing with the Securities and Exchange Commission (SEC) and disclosed that it purchased a new position in Clarus Co. (NASDAQ:CLAR) during the fourth quarter. The fund acquired 92,000 shares of the company’s stock valued at approximately $721,000, signifying yet another investment by Skylands Capital LLC in recent years.
Clarus Corp specializes in developing outdoor equipment and lifestyle products intended for those involved with climbing, skiing, mountain exploration, and other sport categories. They operate through three main segments – Outdoor, Precision Sport, and Adventure. The Outdoor segment features designs primarily focused on outdoor-engineered apparel for various recreational activities such as mountaineering or trail running.
At present date (May 13th), NASDAQ:CLAR opened at $8.55 on Friday with a 52-week low of $6.86 and a 52-week high of $29.32; showcasing substantial growth potential in the future if they decide to expand their operations gradually with these figures in mind.
Moreover, Clarus has reported to hold an impressive quick ratio of 1.51 and current ratio of 3.92; illustrating their ability to meet short-term debt if needed while having significant capital on standby – vital measures any investor would seek when considering potential investments.
The company also boasts a market capitalization of up to $317.97 million which draws attention from astute investors worldwide looking for solid investments since the firm’s business model showcases robust segments serving active individuals inclined towards outdoor sports – mainly those deeply entrenched in adventure-seeking hobbies like hiking or rock climbing-any investor would naturally see this as an enticing opportunity.
In conclusion, it comes as little surprise that Skylands Capital LLC showed willingness to establish its position as one of CLAR’s fortunate shareholders given recent developments that exemplified Clarus Co.’s strength as a thriving industry leader. It will be exciting to observe how the business develops over time and what precise investments Skylands Capital LLC will make in the future to further its standing among fellow investors.
Clarus Corp: Leading Developer and Distributor of Outdoor Equipment and Lifestyle Products Faces Mixed Ratings and Hedge Fund Changes
Clarus Corp (NASDAQ: CLAR) is a leading developer, manufacturer and distributor of outdoor equipment and lifestyle products that cater to ski, climb, mountain and sport enthusiasts. The company has recently been subject to several changes in positions by various hedge funds including Advisor Group Holdings, Greenwood Capital Associates LLC, Ensign Peak Advisors Inc. and Charles Schwab Investment Management Inc. They now own approximately 90.53% of the stock.
Despite the change in position with these hedge funds and other institutional investors, Clarus has received mixed ratings from equity analysts. Lake Street Capital dropped its target price on the shares after giving it a ‘buy’ rating; however, Bank of America downgraded Clarus from a ‘buy’ rating to ‘neutral’ rating while TheStreet gave it an overall negative rating.
Clarus last posted its earnings results on February 27th this year, reporting $0.15 earnings per share for the quarter missed out by approximately $0.02 consensus estimates of $0.17 EPS but had generated revenue of $104.18 million compared to anticipated revenue of $101.12 million by analysts who cover them.
Clarus also recently declared a quarterly dividend which will be paid on May 19th, considering shareholders registered as of May 8th will receive a $0.025 in dividends per share amounts to about or almost equal to 1.17% yield annually while their current payout ratio stands at -5%.
The Outdoor segment engages in manufacturing outdoor engineered wearables and equipment for skiing mountaineering backpacking trail running climbing among other year-round activities apart from Precision Sport and Adventure segments owned by Clarus Corp that all play vital roles in positioning them as industry leaders embracing tech innovation for excellence performance-wise among their wealthfront targeted audiences thus having One of the best businesses with future potential growth albeit the mixed views coming from some equity analysts themselves within this sector targeting long-term income oriented investors hungry for stable and regular dividends.
