Clearfield, Inc. (NASDAQ:CLFD - Get Free Report) Chairman Ronald G. Roth purchased 5,000 shares of Clearfield stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $31.00 per share, with a total value of $155,000.00. Following the completion of the transaction, the chairman now owns 1,266,796 shares in the company, valued at approximately $39,270,676. This trade represents a 0.40 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Clearfield Stock Performance
Shares of CLFD stock opened at $30.61 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.69 and a current ratio of 9.43. The firm has a market capitalization of $437.42 million, a price-to-earnings ratio of -36.01 and a beta of 1.28. Clearfield, Inc. has a one year low of $24.78 and a one year high of $44.83. The company has a 50 day moving average price of $34.27 and a 200 day moving average price of $37.15.
Clearfield (NASDAQ:CLFD - Get Free Report) last issued its earnings results on Thursday, November 7th. The communications equipment provider reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.13. The firm had revenue of $46.80 million for the quarter, compared to analysts' expectations of $41.95 million. Clearfield had a negative return on equity of 4.41% and a negative net margin of 7.47%. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. Sell-side analysts anticipate that Clearfield, Inc. will post -0.05 EPS for the current year.
Institutional Inflows and Outflows
Missed Nvidia? Buy Elon Musk’s “Silent Partner”
From Brownstone Research | Ad
In February 2016, when almost nobody was talking about artificial intelligence… I picked Nvidia as one of my favorite stocks.
Today, it’s probably the most popular stock in the world.
I believe this Elon Musk “silent partner” could be the next big AI winner.
So please click here to see the details because a lot of people could get rich.
Several hedge funds have recently made changes to their positions in CLFD. Quantbot Technologies LP bought a new position in Clearfield in the 3rd quarter worth approximately $53,000. Redwood Wealth Management Group LLC acquired a new position in shares of Clearfield during the second quarter valued at approximately $75,000. Truvestments Capital LLC acquired a new stake in Clearfield in the third quarter worth approximately $80,000. Canada Pension Plan Investment Board bought a new position in Clearfield during the 2nd quarter valued at $85,000. Finally, SG Americas Securities LLC bought a new position in Clearfield during the second quarter valued at about $130,000. Institutional investors and hedge funds own 88.73% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on CLFD. StockNews.com upgraded shares of Clearfield from a "sell" rating to a "hold" rating in a research report on Friday. Needham & Company LLC reissued a "buy" rating and set a $50.00 price objective on shares of Clearfield in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $46.75.
Check Out Our Latest Report on Clearfield
Clearfield Company Profile
(
Get 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 Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
