Two Sigma Investments LP cut its position in Clearfield Inc (NASDAQ:CLFD) by 27.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,425 shares of the company’s stock after selling 14,069 shares during the period. Two Sigma Investments LP’s holdings in Clearfield were worth $754,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CLFD. Cadence Capital Management LLC increased its position in Clearfield by 2.5% in the fourth quarter. Cadence Capital Management LLC now owns 51,769 shares of the company’s stock worth $1,072,000 after buying an additional 1,256 shares during the period. Renaissance Technologies LLC increased its position in Clearfield by 8.9% in the fourth quarter. Renaissance Technologies LLC now owns 475,199 shares of the company’s stock worth $9,837,000 after buying an additional 39,000 shares during the period. Telemark Asset Management LLC bought a new position in Clearfield during the fourth quarter worth $1,242,000. Oxford Asset Management increased its position in Clearfield by 14.3% in the fourth quarter. Oxford Asset Management now owns 22,773 shares of the company’s stock worth $471,000 after buying an additional 2,852 shares during the period. Finally, State Street Corp increased its position in Clearfield by 8.6% in the fourth quarter. State Street Corp now owns 154,909 shares of the company’s stock worth $3,205,000 after buying an additional 12,300 shares during the period. 25.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Clearfield Inc (NASDAQ:CLFD) opened at 16.75 on Wednesday. The company has a 50-day moving average of $16.67 and a 200-day moving average of $18.40. The company has a market capitalization of $236.88 million, a PE ratio of 31.08 and a beta of 1.37. Clearfield Inc has a one year low of $15.00 and a one year high of $21.60.
Clearfield (NASDAQ:CLFD) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.02. Clearfield had a net margin of 9.34% and a return on equity of 12.20%. The business earned $18.30 million during the quarter, compared to the consensus estimate of $19.60 million. During the same period in the previous year, the business posted $0.10 earnings per share. Clearfield’s revenue was up 16.6% compared to the same quarter last year. On average, analysts anticipate that Clearfield Inc will post $0.59 earnings per share for the current year.
A number of equities research analysts recently issued reports on CLFD shares. TheStreet cut shares of Clearfield from a “b” rating to a “c+” rating in a report on Thursday, January 26th. Zacks Investment Research cut shares of Clearfield from a “hold” rating to a “sell” rating in a report on Tuesday, January 31st.
In other Clearfield news, Chairman Ronald G. Roth acquired 5,000 shares of Clearfield stock in a transaction on Tuesday, January 31st. The shares were purchased at an average cost of $17.50 per share, with a total value of $87,500.00. Following the completion of the purchase, the chairman now owns 1,213,725 shares in the company, valued at $21,240,187.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders acquired 7,000 shares of company stock worth $119,200. Insiders own 18.30% of the company’s stock.
Clearfield Company Profile
Clearfield, Inc manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette, which is the building block of its product platform; Connectivity and Optical Components; FieldSmart, which is a series of panels, cabinets, wall boxes and other enclosures that house the Clearview components; FieldShield, which is a fiber delivery method for broadband deployment; CraftSmart, which is a line of optical protection field enclosures, and Cable Assemblies.
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