ClearOne, Inc. (NASDAQ:CLRO) major shareholder Edward D. Bagley bought 15,000 shares of ClearOne stock in a transaction that occurred on Thursday, August 24th. The stock was bought at an average price of $7.65 per share, with a total value of $114,750.00. Following the purchase, the insider now owns 1,900,518 shares of the company’s stock, valued at approximately $14,538,962.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
ClearOne, Inc. (CLRO) traded up 0.65% on Friday, reaching $7.70. 36,123 shares of the company traded hands. The firm’s market cap is $65.84 million. ClearOne, Inc. has a 52-week low of $7.20 and a 52-week high of $12.60. The stock has a 50-day moving average price of $9.07 and a 200-day moving average price of $10.01.
ClearOne (NASDAQ:CLRO) last posted its earnings results on Wednesday, August 9th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.07. The business had revenue of $10.31 million during the quarter, compared to analysts’ expectations of $12.01 million. ClearOne had a positive return on equity of 1.83% and a negative net margin of 2.56%. Analysts anticipate that ClearOne, Inc. will post $0.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Tuesday, August 22nd will be paid a $0.07 dividend. The ex-dividend date is Friday, August 18th. This represents a $0.28 annualized dividend and a dividend yield of 3.64%. ClearOne’s payout ratio is -215.38%.
A hedge fund recently bought a new stake in ClearOne stock. Hancock Holding Co. acquired a new position in shares of ClearOne, Inc. (NASDAQ:CLRO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,704 shares of the communications equipment provider’s stock, valued at approximately $166,000. Hancock Holding Co. owned approximately 0.19% of ClearOne as of its most recent filing with the SEC. Institutional investors and hedge funds own 19.65% of the company’s stock.
Several equities research analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $9.75 target price on shares of ClearOne in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of ClearOne from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.
About ClearOne
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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