Roger G. Harding Buys 1,000 Shares of Clearfield, Inc. (CLFD) Stock

Clearfield, Inc. (NASDAQ:CLFD) Director Roger G. Harding bought 1,000 shares of the business’s stock in a transaction on Friday, February 10th. The shares were acquired at an average price of $15.75 per share, with a total value of $15,750.00. Following the transaction, the director now owns 15,050 shares of the company’s stock, valued at approximately $237,037.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Clearfield, Inc. (NASDAQ:CLFD) opened at 16.50 on Tuesday. The stock has a 50 day moving average of $19.03 and a 200-day moving average of $18.81. Clearfield, Inc. has a 52-week low of $13.08 and a 52-week high of $21.60. The firm has a market cap of $233.34 million, a price-to-earnings ratio of 30.61 and a beta of 1.37.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings data on Thursday, January 26th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.02. Clearfield had a return on equity of 12.20% and a net margin of 9.34%. The firm earned $18.30 million during the quarter, compared to analyst estimates of $19.60 million. During the same quarter in the prior year, the company posted $0.10 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, analysts expect that Clearfield, Inc. will post $0.58 EPS for the current year.

Insider Buying and Selling by Quarter for Clearfield (NASDAQ:CLFD)

This piece of content was first reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright laws. The correct version of this piece of content can be accessed at http://sleekmoney.com/roger-g-harding-buys-1000-shares-of-clearfield-inc-clfd-stock/1659655.html.

A number of institutional investors have recently made changes to their positions in CLFD. Metropolitan Life Insurance Co. NY bought a new position in shares of Clearfield during the second quarter valued at approximately $160,000. Oxford Asset Management increased its position in shares of Clearfield by 14.3% in the fourth quarter. Oxford Asset Management now owns 22,773 shares of the company’s stock valued at $471,000 after buying an additional 2,852 shares during the period. Cadence Capital Management LLC increased its position in shares of Clearfield by 2.5% in the fourth quarter. Cadence Capital Management LLC now owns 51,769 shares of the company’s stock valued at $1,072,000 after buying an additional 1,256 shares during the period. Telemark Asset Management LLC bought a new position in shares of Clearfield during the fourth quarter valued at approximately $1,242,000. Finally, State Street Corp increased its position in shares of Clearfield by 8.6% in the fourth quarter. State Street Corp now owns 154,909 shares of the company’s stock valued at $3,205,000 after buying an additional 12,300 shares during the period. Institutional investors own 25.96% of the company’s stock.

CLFD has been the subject of a number of research reports. TheStreet cut shares of Clearfield from a “b” rating to a “c+” rating in a research report on Thursday, January 26th. Zacks Investment Research lowered shares of Clearfield from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th.

About Clearfield

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.

5 Day Chart for NASDAQ:CLFD

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/roger-g-harding-buys-1000-shares-of-clearfield-inc-clfd-stock/1659655.html

Receive News & Ratings for Clearfield Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearfield Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *