2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new position in Clearfield, Inc. (NASDAQ:CLFD – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,400 shares of the communications equipment provider’s stock, valued at approximately $74,000.
Several other hedge funds also recently bought and sold shares of CLFD. Barclays PLC raised its holdings in shares of Clearfield by 164.2% in the 3rd quarter.
Barclays PLC now owns 87,971 shares of the communications equipment provider’s stock valued at $3,428,000 after acquiring an additional 54,670 shares in the last quarter. Drum Hill Capital LLC bought a new position in shares of Clearfield in the fourth quarter worth approximately $1,539,000. Raymond James Financial Inc.
purchased a new stake in Clearfield in the fourth quarter valued at approximately $721,000. Skylands Capital LLC bought a new stake in shares of Clearfield during the 4th quarter worth $645,000. Finally, Royce & Associates LP lifted its stake in Clearfield by 3.
1% during the fourth quarter. Royce & Associates LP now owns 478,809 shares of the communications equipment provider’s stock worth $14,843,000 after purchasing an additional 14,464 shares during the last quarter. Hedge funds and other institutional investors own 88.
73% of the company’s stock. Clearfield Stock Up 1.1 %CLFD opened at $26.
51 on Friday. The company has a market cap of $374.64 million, a P/E ratio of -42.
08 and a beta of 1.51. Clearfield, Inc.
has a 12 month low of $23.78 and a 12 month high of $44.83.
The business’s 50-day moving average price is $30.57 and its 200-day moving average price is $33.08.
The company has a current ratio of 10.57, a quick ratio of 7.41 and a debt-to-equity ratio of 0.
01. Clearfield (NASDAQ:CLFD – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($0.
13) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.13.
Clearfield had a negative return on equity of 3.31% and a negative net margin of 5.41%.
On average, equities analysts expect that Clearfield, Inc. will post -0.29 EPS for the current year.
Analyst Upgrades and DowngradesA number of equities analysts recently weighed in on the company. StockNews.com raised Clearfield from a “sell” rating to a “hold” rating in a report on Monday, February 10th.
Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Clearfield in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.75.
Get Our Latest Analysis on CLFDInsider Activity at ClearfieldIn other news, COO John P. Hill sold 16,539 shares of Clearfield stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $33.
26, for a total value of $550,087.14. Following the sale, the chief operating officer now directly owns 189,886 shares in the company, valued at approximately $6,315,608.
36. This trade represents a 8.01 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.80% of the stock is currently owned by company insiders.
Clearfield Profile (Free Report)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.See AlsoFive stocks we like better than ClearfieldWhat is the Hang Seng index? JPMorgan is a Buy, if You Can Handle The Volatility How to Invest in Tech Stocks and Top Tech Stocks to ConsiderUnited States Steel’s Crash: An Unmissable Buying OpportunityWhat Are Dividend Contenders? Investing in Dividend ContendersRocket Lab Stock: Weathering the Storm, Time for a Comeback?Want to see what other hedge funds are holding CLFD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Clearfield, Inc. (NASDAQ:CLFD – Free Report)..
