Clearfield, Inc. (NASDAQ:CLFD - Get Free Report) Chairman Ronald G. Roth bought 5,000 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $31.00 per share, for a total transaction of $155,000.00. Following the purchase, the chairman now owns 1,266,796 shares of the company's stock, valued at approximately $39,270,676. The trade was a 0.40 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ:CLFD traded up $1.05 on Friday, hitting $30.61. The stock had a trading volume of 59,068 shares, compared to its average volume of 155,958. Clearfield, Inc. has a 52 week low of $24.78 and a 52 week high of $44.83. The business's fifty day moving average is $34.43 and its 200 day moving average is $37.19. The company has a quick ratio of 6.69, a current ratio of 9.43 and a debt-to-equity ratio of 0.01. The company has a market cap of $437.42 million, a PE ratio of -36.26 and a beta of 1.28.

Clearfield (NASDAQ:CLFD - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.13. Clearfield had a negative net margin of 7.47% and a negative return on equity of 4.41%. The business had revenue of $46.80 million for the quarter, compared to analysts' expectations of $41.95 million. During the same quarter last year, the firm earned $0.17 EPS. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities research analysts expect that Clearfield, Inc. will post -0.05 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Clearfield by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,012,432 shares of the communications equipment provider's stock valued at $31,223,000 after acquiring an additional 14,307 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Clearfield in the second quarter valued at $835,000. Creative Planning lifted its position in shares of Clearfield by 2.5% during the 2nd quarter. Creative Planning now owns 98,088 shares of the communications equipment provider's stock valued at $3,782,000 after buying an additional 2,426 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Clearfield by 83.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 228,173 shares of the communications equipment provider's stock worth $8,798,000 after acquiring an additional 103,648 shares during the period. Finally, Segall Bryant & Hamill LLC increased its holdings in Clearfield by 12.2% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 249,087 shares of the communications equipment provider's stock worth $9,704,000 after acquiring an additional 27,178 shares during the last quarter. Institutional investors own 88.73% of the company's stock.

Several analysts have recently weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Clearfield in a report on Friday, November 8th. StockNews.com cut shares of Clearfield from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.75.

Get Our Latest Report on Clearfield

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.

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